New Delhi, Feb. 1 -- Noting that critical minerals, rare earths, and permanent magnets are a very important part of manufacturing sector today, Union Minister Electronics and Information Technology has hailed the Union Budget's announcement of Rare Earth Corridors to support the mineral-rich states and said it will help the country develop "a rare-earth permanent magnet manufacturing industry," which will drive sustained growth.

In an interview with ANI, Vaishnaw said that boosting capacity for rare earths and critical minerals is a prime focus for the country.

"Critical minerals, rare earths, and permanent magnets are a very important part of our manufacturing sector today. Establishing a rare-earth permanent magnet corridor across coa...