Ashvini Rare Earth Aims to Boost Domestic Magnet Production

Ashvini Rare Earth is a company in India that wants to make special magnets used in electric cars, wind turbines, and other important things.

They have a new factory that can make a special metal called Nd-Pr, which is needed for these magnets.

However, they are waiting for customers to place orders before they start making the metal.

The company's boss, Vikram Dhoot, says that if they can't find big partners to help, they might start making the magnets themselves in about a year and a half.

They are also trying to find investors to help them grow.

The factory was built with help from other Indian organizations and got some money from the government.

Making these magnets is expensive, and the company is trying to find ways to make it work without relying on Chinese equipment.