Ministry of Heavy Industries invites bids through Global Tender for selection of beneficiaries to set up integrated Sintered Rare Earth Permanent Magnet manufacturing facilities of 6,000 MTPA capacity under the Scheme to...

• Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM) — Cabinet-approved production-cum-capital-subsidy scheme of the Ministry of Heavy Industries (MHI) to build 6,000 MTPA integrated NdFeB magnet capacity in India.
• Targets strategic self-reliance (Atmanirbhar Bharat) in a critical input for EVs, wind turbines, electronics, aerospace and defence — sectors where China currently dominates the global REPM supply chain.