Image used for representative purpose only. | Photo Credit: Reuters Industry body CII on Sunday (February 1, 2026) welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, Odisha stating it would help India’s leadership in rare earth magnets. The Union Budget 2026 proposal towards establishment of Rare Earth Corridors would help promote mining, processing, research and manufacturing and thus help build India’s leadership in rare earth magnets and critical minerals, CII said in a statement on Sunday (February 1). Follow Union Budget 2026 LIVE updates While presenting her ninth consecutive budget, Union Finance Minister Nirmala Sitharaman said, a scheme for rare earth magnets was announced in 2020 and a dedicated rare earth corridors would be established in the four states. Published – February 01, 2026 02:21 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Kankanady Old Road cleaned during Ramakrishna Mission’s monthly cleanliness drive Union Budget 2026: Securities Transaction Taxes for derivatives on futures and options trade increased