Explainer: Why the rare earth magnet PLI scheme isn’t attractive enough
ArticleThe government recently extended the deadline to submit bids for the PLI scheme to make rare earth magnets.
The metals and mining sector forms the backbone of India’s industrial and economic growth, supplying the critical raw materials that power infrastructure development, manufacturing, energy transition, mobility, and urbanisation.
As India accelerates its journey towards becoming a global manufacturing and economic powerhouse, the sector is poised to play an increasingly strategic role in enabling sustainable growth and resource security.
Today, industry participants are navigating a rapidly evolving landscape shaped by decarbonisation imperatives, technological disruption, geopolitical shifts, supply chain realignments, and changing stakeholder expectations. At the same time, government initiatives focused on mineral exploration, critical minerals, policy reforms, and infrastructure investments are creating significant opportunities for growth and value creation.
Success in this environment requires organisations to balance operational excellence with innovation, sustainability, digital transformation, and resilient business models. At Grant Thornton Bharat, we work closely with metals and mining companies to address complex challenges, unlock growth opportunities, enhance performance, and build future-ready enterprises.
Digital integration
We guide enterprises in developing growth strategies, enhancing operational effectiveness, promoting innovation, and adopting digital technologies.
Collaborative approach
We collaborate to build future-focused organisations, leveraging our expertise and technological insights.
Data-driven market insights
Our team provides analytical market insights based on data, enabling you to capitalise on emerging trends and swiftly seize competitive opportunities.
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Sustainable green metals: A catalyst for decarbonisation in the face of climate change
Thought leadershipGrant Thornton Bharat explores sustainable green metals as catalysts for decarbonisation, vital for combating climate change in India's industrial growth.
Atmanirbhar Bharat Abhiyan (Tranche 4)
Thought leadershipThe fourth tranche of INR 20 lakh crore economic package announced by Finance Minister Nirmala Sitharaman today streamlines processes to fast-track investments in key sectors, builds a solid ground for executing Prime Minister Narendra Modi’s vision of ‘vocal for local’, enables employment generation, brings consumers at the centre stage and most importantly, creates ample room to unleash the benefits of privatisation.
Initiating India's coal sector's just transition dialogue
