Indian auto delegation yet to leave for China for talks to expedite supply of rare earth magnets

NEW DELHI: (Jun 29) Indian Auto industry representatives are yet to leave for China to expedite the import of rare earth magnets as the delegation is still awaiting a formal go-ahead from the Chinese commerce ministry for a meeting, as per industry sources.

Around 40-50 industry executives have received visas last month, but are still awaiting a formal nod from the Chinese authorities for the meetings on the matter.

Staring at shortages, the domestic automobile industry has also sought government support in expediting approvals from China to import rare earth magnets.