TAG: "REPM manufacturing ecosystem"

News

MHI Receives 20 Bids Under INR 7,280 Crore REPM Manufacturing Scheme

The Ministry of Heavy Industries has received 20 bids, including Coal India, L&T, ReNew, Prozeal Green Energy and Attero Recycling, under its REPM manufacturing scheme, with five manufacturers to be eventually selected to establish a combined 6,000 MTPA of integrated sintered NdFeB magnet capacity.

REPM Manufacturing Ecosystem | August 14, 2026 | By Mrinmoy Dey | 390

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 Manufacturing Ecosystem | March 20, 2026 | By Mrinmoy Dey | 1461

Union Cabinet Approves INR 7,280 Crore Rare Earth Magnets Manufacturing Scheme

The Union Cabinet has approved an INR 7,280-crore scheme to build India’s first integrated manufacturing ecosystem for sintered rare earth permanent magnets, targeting 6,000 MTPA capacity through sales-linked incentives, capital subsidies, and a global bidding process for five manufacturers.

REPM Manufacturing Ecosystem | November 27, 2025 | By Mrinmoy Dey | 1674