Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

India is set to commence domestic production of rare earth magnets in Hyderabad, aiming to diminish reliance on Chinese imports. Union Minister G Kishan Reddy announced that the National Institute for Transforming Science and Materials will spearhead this initiative. This move follows China's export restrictions on rare earth materials, prompting India to accelerate its domestic production plans.