The Ministry of Heavy Industries has extended by one month the deadline for the global tender under Indias rare earth permanent magnet incentive scheme, following requests from multiple stakeholders. The bid due date has been moved from June 29 to July 29, with technical bids now scheduled for opening on July 30.

The Centre extends the ₹7,280-crore rare earth magnet tender deadline to July 29, addressing industry concerns over technology and feedstock.

The Ministry of Heavy Industries has extended by one month the deadline for the global tender under Indias rare earth permanent magnet incentive scheme, following requests from…