New Delhi, Feb. 1 -- Union Finance Minister Nirmala Sitharaman on Sunday proposed 'rare earth corridors' for mineral-rich states, including Odisha, Kerala, Andhra Pradesh and Tamil Nadu.

Presenting the Union Budget 2026-27 in the Parliament, the Finance Minister said that the rare earth corridors will promote mining, processing, research and manufacturing.

FM Sitharaman said, "A scheme for rare earth permanent magnets was launched in 2025 November. We now propose to support mineral-rich states such as Odisha, Kerala, Andhra Pradesh and Tamil Nadu to establish rare earth corridors to promote mining, processing, research and manufacturing."

In November last year, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the 'S...