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.
India’s metals and mining sector is at the heart of infrastructure growth, manufacturing expansion, energy transition and economic development. As businesses respond to evolving regulations, cost pressures, supply chain shifts, ESG expectations and the demand for critical minerals, the need for bold strategy and agile execution has never been greater.
Metals and mining leaders are operating in a rapidly changing environment shaped by decarbonisation, resource security, digital disruption and shifting market dynamics. At Grant Thornton Bharat, we work with metals and mining companies to improve performance, unlock growth opportunities and build future-ready enterprises through strategy, operations transformation, digital adoption, sustainability and transaction advisory solutions.
Our value proposition
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.
Our solutions
Our capabilities
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Coal and coal consumers
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In the coal sector, we work with mining companies, captive mine operators, power generators, cement manufacturers, and other large industrial consumers to address strategic, operational, financial, and sustainability priorities. Our services support organisations in mine development, commercial optimisation, resource planning, supply chain efficiency, risk management, ESG compliance, and energy transition readiness.
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Non-coal minerals
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For non-coal minerals, including limestone, bauxite, chromite, manganese, rare earth elements, industrial minerals, and critical minerals, we help businesses unlock value through market assessments, project feasibility studies, investment evaluations, operational excellence programmes, regulatory compliance reviews, and digital transformation initiatives. As India accelerates its focus on mineral security and critical mineral supply chains, we support stakeholders in identifying growth opportunities and building resilient business models.
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Metals
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Our metals practice serves producers across ferrous and non-ferrous segments, including steel, aluminium, copper, zinc, and downstream metal products. We assist clients in enhancing competitiveness through cost optimisation, technology adoption, decarbonization strategies, supply chain resilience, market expansion, and performance improvement programmes. We also support mergers and acquisitions, capital project reviews, due diligence, business restructuring, and stakeholder engagement initiatives.
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Initiating India's coal sector's just transition dialogue
How Grant Thornton Bharat can support
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In-depth understanding of business
Extensive experience collaborating with a number of leading clients in the sector including PSUs and ministry gives us a profound understanding of the business and entire value chain
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Execution orientation
We not only design interventions but also collaborate closely with your operating managers to implement these interventions and achieve the maximum value.
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Robust methodology
Our firm has well defined methodologies to tackle various strategic initiatives and market assessment solutions for the esteemed clients.
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Experienced team of senior sector experts
We leverage our deep expertise in the metals and mining sector, driven by senior subject matter experts.
Our insights
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.
