NIA chargesheets 31 in Malda SIR obstruction cases
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India eyes Myanmar rare earths
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New Delhi: Myanmar President Min Aung Hlaing's ongoing India trip could open a major opportunity for New Delhi to harness rare earths from the neighbouring Southeast Asian country which to date are being extracted by China.Myanmar's Kachin and Shan states have massive deposits of rare earth elements including dysprosium and terbium used for permanent magnets for EVs, wind turbines, and defence items. The issue of India harnessing rare earths from Myanmar will figure prominently on the agenda of the meeting between PM Narendra Modi and the visiting President here on Monday. The visiting leader will also address a business forum here.Also Read: NSA Ajit Doval calls on Myanmar President on his maiden visitCurrently, Myanmar's northern neighbour China has been extracting rare earths from the Kachin state, but the visit has provided an opportunity to push its initiative, according to a person familiar with the issue. The Myanmar Army has stepped up its offensive in the border ar...
Localisation lens on 500 most-imported items
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New Delhi: The government is examining 500-odd heavily imported products including machinery, fertilisers, chemicals, cotton staple fibre, plastics, silicon wafers and carbon fibres, to identify localisation opportunities and reduce dependence on overseas supply. The commerce and industry ministry is collating data from different ministries on import dependence, estimated time and capital investment required to achieve commercially viable domestic manufacturing capability, and national strategic relevance of these products, officials privy to the development said.The idea is to reduce the country's import bill and build supply resilience amid the ongoing West Asia crisis.The Department for Promotion of Industry and Internal Trade (DPIIT) is "analysing data such as production capacity and bottlenecks faced by industry," one of the officials said.131428063The department has sought information such as the extent to which domestic demand for the product is met through imports...