On the National Technology Day 2023, the Prime Minister dedicated to Nation include Fission Molybdenum-99 Production Facility, Mumbai; Rare Earth Permanent Magnet Plant, Visakhapatnam; National Hadron Beam Therapy Facility, Navi Mumbai.
Rare Earth Permanent Magnets are produced primarily in developed countries.
- The facility for production of Rare Earth Permanent Magnet has been developed in the campus of Bhabha Atomic Research Centre at Visakhapatnam.
- The facility has been established based on indigenous technology and using indigenous Rare Earth material extracted from indigenous resources.
- With this facility, India will join a select group of nations with capacity to produce Rare Earth Permanent Magnets.
