New Delhi, Nov 26 (PTI) Prime Minister Narendra Modi on Wednesday said the decision to establish an ecosystem to manufacture rare earths permanent magnets will reduce imports.

"A historic first for India's high-tech manufacturing! The Union Cabinet has approved a scheme to establish India's first integrated ecosystem for manufacturing Sintered Rare Earth Permanent Magnets (REPM), which are essential components in electric vehicles, wind turbines, defence systems and aerospace technologies," Modi said in a post on X.

He said the initiative aims at creating domestic capacities and reducing imports, and also focuses on green technologies.

Modi said the Cabinet decision on two multi-tracking projects covering four districts across Maharashtra and Gujarat will add to the rail infrastructure.

"Mobility, operational efficiency and service reliability will be enhanced. Multi-modal connectivity and logistic efficiency will also improve," he said.

The prime minister said the decision to expand the Pune Metro was a major boost to the city's public transport network.

"Cabinet approves Phase-2 of Pune Metro (Lines 4 and 4A) connecting various areas of the city. This decision ensures a faster and more comfortable commute for the people of Pune, which is an important centre for growth and innovation," he said. PTI SKU RC

Rare earth permanent magnets manufacturing: Cabinet approval to build domestic ecosystem, reduce imports and expand rail and metro. Cabinet approval establishes an integrated ecosystem for domestic manufacture of Sintered Rare Earth Permanent Magnets to build local capacity and reduce imports, with emphasis on green technologies. The Cabinet also authorised two multi-tracking rail projects in Maharashtra and Gujarat to improve mobility, operational efficiency, multimodal connectivity and logistics, and approved Phase 2 of the Pune Metro (Lines 4 and 4A) to expand urban public transport.