Ministry of Heavy Industries Extends Global Tender Timelines for REPM Scheme
The Ministry of Heavy Industries, Government of India, has extended the bid submission and technical bids opening dates for its global tender under the Rare Earth Permanent Magnet (REPM) scheme. This extension, from May to June 2026, accommodates requests from participating stakeholders and aims to enhance participation. The initiative, supported by a Rs. 7,280 crore financial outlay, seeks to establish India's capacity in rare earth magnet manufacturing, crucial for sectors like electric vehicles and aerospace, thus reducing import reliance.
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