China’s Rare Earth Gambit: Will India’s Innovation Break the Supply Chain Stranglehold?

As China has recently suspended exports of major rare earth metals and magnets—essential to everything from smartphones to defense systems—India's electronics sector is already planning to acquire alternative supply chains. Union IT Minister Ashwini Vaishnaw assured that Indian producers are optimistic about their capacity to devise adjustments, pointing to the widespread global efforts at diversification of value chains since the Covid-19 pandemic.

 

Major Points:

New guidelines and an electronics component manufacturing portal are to be issued by the government, marking a positive move to bolster India's self-reliance and resilience against geopolitical supply disruptions.

 

Sources: The Indian Express, Business Standard, Moneycontrol