The Ministry of Heavy Industries (MHI), Government of India, has issued a Request for Proposal (RfP) under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, inviting global bids to establish 6,000 MTPA of integrated sintered Neodymium-Iron-Boron (NdFeB) Rare Earth Permanent Magnet (REPM) manufacturing facilities across India.
Scheme Highlights:
- Capital subsidy of Rs. 750 crore (~$80 million USD)
- Sales-linked incentive of Rs. 6,450 crore (~$700 million USD)
- Tender ID: 2026_DFIN_903066_1
- Pre-bid Conference: 7th April 2026 — India Habitat Centre, Lodhi Road, New Delhi – 110003
- Bid Submission Deadline: 28th May 2026
- Technical Bid Opening: 29th May 2026
