Chennai, Nov. 7 -- Wing Commander P Madhusoodhanan, Vice President - Aerospace and Defence at Tamil Nadu Industrial Development Corporation Limited (TIDCO), on Friday said that the organisation is "working towards ensuring the requirement of the aerospace and defence industries".

"People talk about magnetism; magnetism is on everything. There are multiple things. So as part of the aerospace and defence industry segment, we are working on how to ensure that the requirements of the aerospace and defence industries are available," Madhusoodhanan said, speaking about the importance of rare-earth materials

He further stated that Tamil Nadu has a significant advantage in the field of rare earth elements and that the state is working to establ...