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Global Tender for the Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities

March 31, 2026

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
Tender documents are available on the Central Public Procurement (CPP) Portal at eprocure.gov.in/eprocure/app under 
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