3Photo© thehindu.comFM Sitharaman Announces Rs 40,000-Crore Semi-Conductor Push, Rare Earth Corridors In 4 States
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Union Finance Minister Nirmala Sitharaman proposed to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors, to push to secure India’s supplies of rare earth magnets.
Ms. Sitharaman was presenting her ninth consecutive Union Budget for the April 2026 to March 2027 in the Parliament on Sunday (February 1, 2026).
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The move comes as India looks to reduce its dependence on China for rare-earth minerals. Two of the four states, Tamil Nadu and Kerala, are set to go to Assembly elections in 2026.
“ The scheme for rare earth permanent magnets was launched in November 2025. It supports Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare earth corridors.
Nirmala Sitharaman,
Budget 2026 Announces Rare Earth Corridors In S India, Spotlight On…