On Technology Day this year, India’s first facility to produce rare earth permanent magnets was dedicated to the nation by Prime Minister Narendra Modi in Visakhapatnam. This plant, belonging to public sector Indian Rare Earths Ltd, is based on indigenous reduction-diffusion technology developed by the Bhabha Atomic Research Centre, and it produces samarium-cobalt (SaCo) rare earth permanent magnet and neodymium-iron-boron (NdFeB) permanent magnets. This is a big step in the technology journey of the country.