Industry demands have prompted the Ministry of Heavy Industries to extend the bidding deadline for its rare earth permanent magnet incentive scheme by a month to July 29. This crucial initiative, with a ₹7,280 crore outlay, aims to build 6,000 Metric Tons Per Annum of integrated manufacturing capacity for these vital magnets. Technical bids will now be evaluated 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…

India extends the bid deadline for the ₹7,280 crore Rare Earth Magnet scheme to encourage global participation and enhance domestic production.

Industry demands have prompted the Ministry of Heavy Industries to extend the bidding deadline for its rare earth permanent magnet incentive scheme by a month to July 29. This…