Budget 2026-27: CII backs Union Budget plan for dedicated rare earth corridors
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.
Published – February 01, 2026 02:21 pm IST
