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Time of India
a day ago
- Business
- Time of India
Govt, industry, academia join hands to tackle rare earth magnet challenge
Government, industry and academia are working to resolve the issues concerning rare earth magnets , which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, ministry of electronics and IT, additional secretary, Amitesh Sinha said. Speaking on the sidelines of Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - govt, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. Govt will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the govt realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China.
Time of India
a day ago
- Business
- Time of India
Government, industry, academia working to resolve issues concerning rare earth magnets: Meity official
The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the government realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB ( Neodymium-Iron-Boron ) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China. Elcina estimates that the rare earth metal-based magnets account for around 5-7% of the Bill of Materials, and India imports nearly 100% of its NdFeB magnet requirement, with China accounting for 90% of the total imports. The industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Rare earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles.
Time of India
2 days ago
- Automotive
- Time of India
Govt, industry, academia working to resolve issues concerning rare earth magnets: Meity official
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The government, industry and academia are working to resolve the issues concerning rare earth magnets , which are used in the automobile sector and other devices, a senior Meity official said on technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work."Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha Centre for Materials for Electronics Technology ( C-MET ), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth said the work on the technology development has been going on for some years as the government realises the importance of material technologies."It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB ( Neodymium-Iron-Boron ) magnets used in consumer country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from estimates that the rare earth metal-based magnets account for around 5-7 per cent of the Bill of Materials, and India imports nearly 100 per cent of its NdFeB magnet requirement, with China accounting for 90 per cent of the total industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles.
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Business Standard
2 days ago
- Business
- Business Standard
Govt, industry working to address rare earth magnet issues: Meity official
The government, industry and academia are working to resolve the issues concerning rare earth magnets, which are used in the automobile sector and other devices, a senior Meity official said on Friday. The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, Ministry of Electronics and IT, Additional Secretary, Amitesh Sinha said. Speaking on the sidelines of the Tec-Verse event showcasing PSU technology research, Sinha said that to solve the issues concerning rare earth, all three partners - government, industry and academia - are doing their work. "Technology is there, but we have to see how commercially we can do it at a competitive price. So that is the main challenge. The government will surely work because these things are now becoming strategic and important," Sinha said. The Centre for Materials for Electronics Technology (C-MET), a research unit under Meity, at the event signed a transfer of technology agreement with Ahmedabad-based firm Somal Magnets for the production of rare earth magnets. Sinha said the work on the technology development has been going on for some years as the government realises the importance of material technologies. "It is an effort of the last few years. So they (C-MET) have already been working on it, but suddenly the focus has come on this rare earth material. For such things, first we will have to develop a capability which, at the time of crisis, can be easily scaled. So that kind of infrastructure or capability we are aiming for now," Sinha said. He, however, said Meity is not directly engaged in the production of rare earth magnets but only in some technologies that are important for their production. In April 2024, China implemented strict export licensing on rare earth elements like terbium and dysprosium - key inputs for high-level performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body, Elcina, said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard, and the device makers are switching to import fully assembled speaker modules from China. Elcina estimates that the rare earth metal-based magnets account for around 5-7 per cent of the Bill of Materials, and India imports nearly 100 per cent of its NdFeB magnet requirement, with China accounting for 90 per cent of the total imports. The industry body said prices of China-origin magnets have increased due to tightened supply and administrative bottlenecks, and alternate sources, such as Japan, the European Union and the US, are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Rare earth magnets include neodymium-iron-boron (NdFeB). It is used for high-performance automotive applications such as traction motors in electric vehicles (two-wheelers and passenger vehicles) and power steering motors (in passenger vehicles) in both electric vehicles and internal combustion engine vehicles. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Hindu
08-05-2025
- Business
- The Hindu
Keltron, C-MET join hands to launch sensor-manufacturing hub in Thrissur
In a major boost to Kerala's electronics manufacturing sector, a Sensor Manufacturing Common Facility Centre is set to come up at Mulangunnathukavu in Thrissur district. The project is a collaborative effort between Keltron and C-MET (Centre for Materials for Electronics Technology), functioning under the Union Ministry of Electronics and IT. Industries Minister P. Rajeev has confirmed the development, following a meeting with S. Krishnan, Secretary of the Union Ministry of Electronics and IT. The new centre will be developed on land currently owned by Keltron. As part of the plan, 12.19 acres of Keltron's land—some of which is under liquidation—will be reclaimed and repurposed for the project. The State will seek approval from the High Court to proceed with the land acquisition. Project blueprint Of the total land, 5 acres will be transferred to the Union Ministry for the expansion of C-MET, while the remaining 7 acres will be used to establish the sensor manufacturing facility. Keltron has prepared the project blueprint based on a detailed proposal submitted by C-MET. The facility is envisioned as a hub for sensor innovation, including an incubation centre for sensor technologies, development of sensor-integrated chips, and the production of key electronic components. 'This is a strategic step in transforming the State into a hub for advanced manufacturing. The proposed centre will promote technology-based industrial development,' the Minister said.
