Heavy Industries Extends Tender Deadline for REPM Scheme

The government will issue its response to bidders' queries on 09.06.2026 and has moved the bid due date from 28.05.2026 to 29.06.2026. The opening of technical bids has been rescheduled from 29.05.2026 to 30.06.2026 to allow wider participation.

An addendum setting out the changes has been published on the Central Public Procurement Portal for the information of all stakeholders. The global tender was first invited on 20 March 2026 to select manufacturers as beneficiaries under the scheme to establish integrated rare earth permanent magnet manufacturing facilities in India. The extension responds to requests from multiple stakeholders and aims to provide additional time for careful preparation of submissions.

The Union Cabinet approved the scheme on 26 November 2025 with a financial outlay of Rs. 72,800 million (Rs. 72,800 mn). The initiative aims to establish a total capacity of 6,000 metric tonnes per annum (6,000 t per annum) of integrated rare earth permanent magnet manufacturing in India. The scheme is being presented as a first of its kind effort to enhance self?reliance and position India in the global REPM market.

Rare earth permanent magnets are among the most powerful magnets and are widely applied in electric vehicles, wind turbines, high?end electronics, aerospace and defence systems. By developing a full value chain from neodymium?praseodymium oxide to finished magnets in India, the scheme is expected to significantly reduce import dependence in this sector. Officials indicate the measure should support domestic manufacturing capacity and contribute to supply chain resilience.