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Government-backed sectors that are set to see a massive infusion of capital and policy support in India will be rare earth minerals, shipbuilding and infrastructure, according to market veteran Ramesh Damani.

"The government has made rare earth a priority," he said at the NDTV Profit Ignite Conclave .

This strategic focus is drawing attention from both PSUs (Public Sector Undertakings) and private companies now in the race to secure and process these critical minerals, Damani said.

As global supply chains are realigned, India's push into rare earths is seen as a crucial long-term play.

Given India's large coastline and trade appetite, Ramesh Damani said a significant push in shipbuilding and maritim

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