L&T Plans India Rare-Earth Magnet Manufacturing Facility
Larsen & Toubro, India's major engineering conglomerate, is planning to establish rare-earth magnet manufacturing capabilities within the country. This move aligns with India's government initiative to decrease dependency on imports and reduce China's dominance in the rare-earth magnet supply chain, a critical component for various industrial applications.
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Construction Giant L&T Said to Plan India Rare-Earth Magnet Bid
Larsen & Toubro, India's major engineering conglomerate, is planning to establish rare-earth magnet manufacturing capabilities within the country. This move aligns with India's government initiative to decrease dependency on imports and reduce China's dominance in the rare-earth magnet supply chain, a critical component for various industrial applications.
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