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Union concern curate Nirmala Sitharaman connected Sunday projected the constitution of dedicated uncommon world corridors successful Odisha, Andhra Pradesh, Tamil Nadu and Kerala arsenic portion of the Union Budget for 2026–27, aiming to trim India’s dependence connected imports and fortify home capabilities successful captious minerals.Presenting the Budget successful Parliament, Sitharaman said the Centre would “support mineral-rich states to beforehand mining, processing, probe and manufacturing of uncommon world elements and imperishable magnets”, which are important for cleanable energy, electronics, defence and electrical mobility. The concern curate said, “The fund proposes raising the Electronics Components Manufacturing Scheme outlay from 22,999 crores to 40,000 crores, alongside caller initiatives specified arsenic ISM 2.0, uncommon world corridors, and dedicated chemic parks.”
The connection builds connected the strategy for uncommon world imperishable magnets that was launched successful November 2025, she said, adding that the authorities present proposes to standard up enactment for states to found dedicated corridors focused connected the afloat worth concatenation – from extraction to precocious manufacturing.
Reducing import dependence
Rare world minerals are a radical of 17 elements utilized successful high-tech products specified arsenic electrical conveyance motors, upwind turbines, smartphones, semiconductors, defence systems and precision electronics.
India presently imports a important stock of its uncommon world requirements, with China dominating planetary accumulation and processing.China controls a ample information of the world’s uncommon world refining capableness and has, successful caller years, tightened export controls connected captious minerals, raising concerns implicit proviso disruptions for manufacturing economies similar India.The projected corridors are aimed astatine gathering home capableness and insulating Indian manufacture from planetary proviso shocks.
Polls bound states successful absorption
Two of the 4 states identified for the projected uncommon world corridors – Tamil Nadu and Kerala – are scheduled to spell to Assembly polls aboriginal this year, bringing added governmental attraction to the Budget announcement. Both states person important coastal mineral reserves, including monazite-rich sands that incorporate uncommon world elements, making them cardinal to India’s captious minerals strategy. The projected enactment for mining, processing and probe infrastructure is expected to beryllium intimately watched successful the run-up to the elections, peculiarly for its imaginable interaction connected investment, employment and concern enactment successful the states.
Chemical parks and manufacturing push
As portion of a broader concern strategy, FM besides announced a strategy to enactment states successful mounting up 3 dedicated chemic parks done a challenge-based route. The parks volition travel a cluster-based, plug-and-play exemplary to boost home chemic accumulation and further chopped import dependence. The measures are aligned with the government’s propulsion to fortify superior goods manufacturing and unafraid proviso chains for strategical sectors.The Budget proposals travel amid increasing planetary contention for entree to captious minerals, with countries accelerating efforts to localise accumulation and processing of uncommon earths and different strategical materials.
