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The Ministry of Heavy Industries is likely to call for bids under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM) Friday. Officials said the Rs 7,280 crore scheme will promote domestic manufacturing of 6,000 million tonnes per annum (MTPA) of magnets, strengthening supply chains for the automotive, defense, and aerospace sectors.

Read more at:
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/india-to-invite-bids-for-rs-7280-crore-rare-earth-magnet-manufacturing-scheme-on-march-20/articleshow/129681169.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst