Japanese magnet giant Proterial is evaluating a manufacturing plant in India, but is concerned about crowding the market. CEO Sean Stack told Mint that ‘overdoing’ production incentives could affect the economic returns for everyone.
Proterial, formerly known as Hitachi Metals, is evaluating whether it can set up a rare-earth magnet plant in India, where it already has customers for its magnets, a top executive told Mint.
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