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Auto industry has resilience to tackle rare earth issue: HD Kumaraswamy
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Puja Das New Delhi
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With nearly 40 end-user import certificates awaiting Chinese approval, India has been grappling with Beijing's restrictions on rare earth or permanent magnet exports since April 4. Though inventories are estimated to taper off by mid-July for certain automotive applications, HD Kumaraswamy, Union minister of heavy industries and steel (MHI), in an interview with Puja Das in New Delhi, says the Centre is actively working with industry associations to resolve the issue at the earliest. Edited excerpts:
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