Ministry of Heavy Industries invites bids through Global Tender for selection of beneficiaries to set up integrated Sintered Rare Earth Permanent Magnet manufacturing facilities of 6,000 MTPA capacity under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet

India, March 20 -- The Government of India has issued a release:

The Ministry of Heavy Industries has released the Request for Proposal (RFP) for selection of beneficiaries to set up integrated Sintered NdFeB Rare Earth Permanent Magnet (REPM) manufacturing facilities of 6,000 Metric Tonnes Per Annum (MTPA) capacity under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet.

With this bidding process, prospective applicants can submit their bids to establish integrated sintered NdFeB REPM manufacturing facilities in India and can be eligible for availing capital subsidy as well as sales-linked incentives under the Scheme. The bidding will be conducted online through a transparent Least Cost System (LCS) comprising t...