Ø MHI Extends Bid Submission Timeline for
Global Tender under Scheme to Promote Manufacturing of Sintered Rare Earth
Permanent Magnet (REPM scheme)
1.
Timeline
Extended: The Ministry of Heavy Industries (MHI)
has extended the timelines for the global
tender under the Scheme
to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM Scheme).
2.
Reason
for Extension: The
extension was granted in response to requests from multiple stakeholders,
allowing greater participation in the bidding process.
3.
Revised
Bid Due Date:
o Earlier: 29 June 2026
o Revised: 29
July 2026
4.
Technical
Bid Opening Rescheduled:
o Earlier: 30 June 2026
o Revised: 30
July 2026
5.
Addendum
Issued: The
revised schedule has been notified through an Addendum published on the Central Public Procurement (CPP) Portal
for the information of all stakeholders.
6.
Tender
Invitation: The
Ministry had originally invited the global tender on 20 March 2026 to select
manufacturers as beneficiaries under the REPM Scheme.
7.
Objective
of the Tender: The
selected manufacturers will establish integrated
Rare Earth Permanent Magnet (REPM) manufacturing facilities in
India.
8.
Cabinet
Approval: The
REPM Scheme was approved by the Union
Cabinet, chaired by Narendra
Modi, on 26
November 2025.
9.
Financial
Outlay: The
scheme has a total financial allocation of ₹7,280 crore.
10. Manufacturing Target: The scheme aims to establish a cumulative
manufacturing capacity of 6,000
Metric Tons Per Annum (MTPA) of integrated Rare Earth Permanent
Magnets in India.
11. Strategic Importance of REPMs: Rare Earth Permanent Magnets are among
the world's strongest magnets and are widely used in:
·
Electric
Vehicles (EVs)
·
Wind
turbines
·
High-end
electronics
·
Aerospace
·
Defence
systems
12. Building a Complete Value Chain: The scheme seeks to establish an
end-to-end domestic manufacturing ecosystem, covering the entire value chain
from Neodymium-Praseodymium
(NdPr) oxide to finished permanent
magnets.
13. Expected Benefits:
·
Reduce
India's dependence on imports.
·
Strengthen
self-reliance in critical mineral-based manufacturing.
·
Develop
indigenous advanced manufacturing capabilities.
·
Position
India as a significant global player in the Rare Earth Permanent Magnet
industry.
·
Ministry: Ministry of Heavy Industries (MHI)
·
Scheme: Scheme to Promote Manufacturing of
Sintered Rare Earth Permanent Magnets (REPM Scheme)
·
Tender
Invited On: 20 March 2026
·
Bid
Due Date (Revised): 29 July 2026
·
Technical
Bid Opening (Revised): 30 July 2026
·
Cabinet
Approval: 26 November 2025
·
Cabinet
Chair:
Narendra Modi
·
Financial
Outlay: ₹7,280 crore
·
Target
Manufacturing Capacity: 6,000 MTPA
·
Key
Raw Material: NdPr (Neodymium–Praseodymium) oxide
·
Major
Applications:
Electric vehicles, wind turbines, electronics, aerospace, defence
·
Primary
Objective: Build
a complete domestic REPM value chain and reduce import dependence.
The
Ministry of Heavy Industries (MHI), Government of India, has extended timelines
for global tender under REPM scheme as a response to demand for same by multiple
stakeholders. The Bid Due Date has been extended from 29.06.2026 to 29.07.2026,
while the opening of Technical Bids has been rescheduled from 30.06.2026 to 30.07.2026
to facilitate wider participation and provide additional time for stakeholders in
bidding process. The Addendum has been published on the Central Public Procurement
(CPP) Portal for information of all stakeholders. (https://eprocure.gov.in/eprocure/app).
The
global tender was invited by the Ministry on 20th March 2026 for selection of manufacturers
as beneficiaries under REPM scheme to establish integrated rare earth permanent
magnet manufacturing facilities in India.
On
26th November 2025, the Union Cabinet chaired by Prime Minister Shri Narendra Modi
approved the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet
with a financial outlay of Rs. 7,280 Crore. The Scheme, a first-of-its-kind initiative,
aims to establish a total capacity of 6,000 Metric Tons Per Annum (MTPA) of integrated
Rare Earth Permanent Magnet manufacturing facilities in India, thereby enhancing
self-reliance and positioning India as a key player in the global REPM market.
Rare
Earth Permanent Magnets are among the most powerful magnets in the world and are
widely used in electric vehicles, wind turbines, high-end electronics, aerospace
and defence systems. By building a complete value chain from NdPr oxide to finished magnets in India, the Scheme is expected
to significantly reduce import dependence in this sector.