Pre-bid conference organised by Ministry of Heavy Industries (MHI) for prospective bidders under ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet’ receives positive industry response

• A ₹7,280 crore Central Sector Scheme under the Ministry of Heavy Industries (MHI) to establish 6,000 MTPA of integrated Sintered NdFeB Rare Earth Permanent Magnet (REPM) manufacturing in India.
• A critical-minerals self-reliance play: REPMs are indispensable to EVs, wind turbines, electronics, aerospace and defence, and India is currently almost entirely import-dependent (chiefly on China).
• Examinable as a GS-III intersection of industrial policy, critical minerals, energy transition and strategic autonomy.