FDI in rare earth magnets, advanced battery components from land border countries part of fast

The government’s recent decision to fast track FDI applications from entities in land bordering countries (LBC), including China, within 60 days in specific sectors will also cover advanced battery components, rare earth permanent magnets and rare earth processing, officials from the Department for Promotion of Industry and Internal Trade (DPIIT) have said. This is in addition to sectors such as capital goods, electronics and solar cells, announced by the government for favourable treatment on Tuesday, but an official list of such items is being compiled and will be notified, officials said at a media briefing on Wednesday. Liberalised rules The…