This significant milestone underscores India’s growing self-reliance in the energy sector and its commitment to ensuring uninterrupted fuel supply to key industries, an official press release said on Saturday.
Tweeting from his official X account, the Vedanta Chairman stated, “A major geopolitical shock in a resource-rich region, like the ongoing conflict in Iran, makes India vulnerable because of its huge import dependence on natural resources which lie below the ground”.
Addressing the gathering on the opening day of Chanakya Defence Dialogue (CDD) 2025, General Dwivedi said that the world is transitioning through a turbulent phase where major powers are “continuously jostling and competing.”
According to an official statement, the first-of-its-kind initiative seeks to create 6,000 metric tonnes per annum (MTPA) of integrated Rare Earth Permanent Magnet (REPM) manufacturing capacity in India.
The defence minister credited young entrepreneurs and innovators for transforming India from a buyer into a builder, creator and global leader in cutting-edge defence technologies.
The Secretary (Defence Production) noted that the most modern capabilities are now driven by disruptive technologies such as Artificial Intelligence and Machine Learning, quantum computing etc.
He highlighted the tireless dedication of millions of women associated with Amul and farmers contributing to IFFCO, showcasing India's cooperative sector as a global model of empowerment and self-reliance.
Ministers and officials from all districts joined this historic moment via video conferencing.
Addressing the 'Samudra se Samriddhi' event in Bhavnagar, Gujarat, where he inaugurated and laid the foundation stone for development work worth over Rs 34,200 crore.
“This is a revolutionary way to transform the economy and the development landscape—one that has helped India become self-reliant and prosperous under the leadership of Prime Minister Narendra Modi since 2014,” Sharma said.
