Speaking to ET Digital, Subhrakant Panda, Past President of FICCI and Managing Director of Indian Metals & Ferro Alloys Ltd, said the proposed rare earth mineral corridor underlines the government’s razor-sharp focus on reducing import dependence and building strategic autonomy. Panda said sustained fiscal discipline, continued infrastructure investment, and targeted manufacturing policies strengthen India’s industrial backbone while supporting long-term competitiveness. He highlighted inland waterways, logistics reforms, and the continuation of the semiconductor mission as key enablers for lowering costs and boosting exports. According to Panda, the rare earth push reflects a long-term policy strategy rather than a one-year budget announcement, positioning India to navigate global uncertainty while advancing the goal of Atmanirbhar Bharat.
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