Tag: magnet manufacturing incentives India

India: Govt floats tender to build rare earth magnet manufacturing capacity of 6,000 t/year

Mar 20, 2026

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by

Rounak Gairarey

in Rare Earth Metals

INR 7,280 crore incentive scheme targets full value chain integration Incentives aim to reduce India’s dependence on China for critical minerals India has invited global bids to establish integrated sintered neodymium iron boron (NdFeB) rare earth magnet manufacturing facilities — with a cumulative capacity of 6,000 tonnes per annum (t/year) — under an INR 7,280 crore…