Centre Invites Global Bids to Set Up Rare Earth Magnet Manufacturing Units in India
The Ministry of Heavy Industries has invited global bids to establish manufacturing facilities for sintered rare earth permanent magnets (REPM) in India. The move is part of a government-backed scheme aimed at strengthening domestic production of critical components used in sectors such as electric vehicles, renewable energy, and defence. Key Highlights Boosting Domestic Manufacturing The tender invites…

