Rare Earth Magnet Manufacturing Project
Sector: Government • Location: India
Source: NewsBytes
Reliance Industries and Vedanta are in talks with the Indian government to build factories capable of producing 6,000 tons of rare-earth magnets annually. The project aims to reduce India's reliance on China for these critical technology components. The government is offering significant incentives including ₹750 crore for setting up five manufacturing units and ₹6,530 crore in sales-based rewards
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Reliance Industries and Vedanta are in talks with the Indian government to build factories capable of producing 6,000 tons of rare-earth magnets annually. The project aims to reduce India's reliance on China for these critical technology components. The government is offering significant incentives including ₹750 crore for setting up five manufacturing units and ₹6,530 crore in sales-based rewards over five years. Technical bids are scheduled to be opened on May 29, 2026, with India Rare Earths Ltd. supplying raw materials to the three lowest bidders and IFCI acting as the project management agency. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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