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Dedicated rare earth corridors in TN, Kerala will promote mining: CII

The Union Budget 2026 proposal towards establishment of Rare Earth Corridors would help promote mining, processing, research and manufacturing and thus help build India's leadership in rare earth magnets

Updated - February 02, 2026 10:37 am IST - Chennai

PTI
Image used for representative purpose only.

Image used for representative purpose only. | Photo Credit: Reuters

Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India's leadership in rare earth magnets.

The Union Budget 2026 proposal towards establishment of Rare Earth Corridors would help promote mining, processing, research and manufacturing and thus help build India's leadership in rare earth magnets and critical minerals, CII said in a statement on Sunday (February 1).

Follow Union Budget 2026 LIVE updates

While presenting her ninth consecutive budget, Union Finance Minister Nirmala Sitharaman said, a scheme for rare earth magnets was announced in 2020 and a dedicated rare earth corridors would be established in the four states.

Budget 2026: Rare earth corridors proposed as India navigates China’s sectoral dominance

Published - February 01, 2026 02:21 pm IST

Related Topics

science (general) / rare earths / budgets and budgeting / Union Budget

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