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MHI Invites Bids to Develop 6,000 MTPA Sintered Rare Earth Permanent Magnet Manufacturing Facilities

The Ministry of Heavy Industries has issued a Request for Proposal (RFP) to set up 6,000 MTPA integrated rare earth permanent magnet manufacturing capacity under an INR 7,280 crore incentive scheme aimed at boosting domestic production and reducing import dependence.

REPM | March 20, 2026 | By Mrinmoy Dey 961

Govt. Approves INR 7,280 Crore Scheme to Promote Sintered Rare Earth Magnet Manufacturing

Government has approved INR 7,280 crore scheme to boost domestic manufacturing of sintered rare earth permanent magnets and strengthen India’s industrial and strategic supply chains.

REPM | December 18, 2025 | By EI News Network 3357

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