India holds pre-bid conference for Rs 7,280 crore rare earth manufacturing scheme

On 2026-04-07, India's Ministry of Heavy Industries held a pre-bid conference in New Delhi for its Rs 7,280-crore scheme to promote manufacturing of sintered rare earth permanent magnets. The event outlined RFP provisions and bidding procedures for prospective firms, with at least 25 companies participating. The scheme aims to build integrated domestic capacity and reduce import dependence.