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Bain-backed Japanese firm Proterial looks to India for rare earth magnet manufacturing
Primus In News
Bain-backed Japanese firm Proterial looks to India for rare earth magnet manufacturing
06-08-2025

Anurag Singh, Advisor, Primus Partners, highlights that rising domestic demand from sectors like electric vehicles, renewable energy, electronics, and defense is accelerating the development of India’s rare earth magnet ecosystem. Coupled with a skilled technical workforce, lower manufacturing costs, and proximity to key global markets, India is emerging as a strong contender to become the next major center for rare earth magnet production

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