https://www.taxtmi.com/news?id=46098 China's restrictions require special export licences for seven rare earth elements and related magnets, causing short-term disruption to India's auto and white goods sectors. Indian suppliers have applied for approvals through local Chinese vendors but none have been granted; the Indian embassy and commerce ministry are engaging diplomatically. The government and industry are pursuing alternate suppliers, accelerating domestic production via entities like Indian Rare Earths Limited, and considering incentives to scale local manufacture and support startups to reduce geographic dependence and strengthen supply-chain resilience. en-us Mon, 09 Jun 2025 22:46:03 +0530 Mon, 09 Jun 2025 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=46098 China's restrictions require special export licences for seven rare earth elements and related magnets, causing short-term disruption to India's auto and white goods sectors. Indian suppliers have applied for approvals through local Chinese vendors but none have been granted; the Indian embassy and commerce ministry are engaging diplomatically. The government and industry are pursuing alternate suppliers, accelerating domestic production via entities like Indian Rare Earths Limited, and considering incentives to scale local manufacture and support startups to reduce geographic dependence and strengthen supply-chain resilience. News - Mon, 09 Jun 2025 22:46:03 +0530 https://www.taxtmi.com/news?id=46098