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Rare Earth Permanent Magnets Manufacturing Facilities

Sector: Aerospace & Defense • Location: India

Source: The Economic Times

Project
Planned

India plans to set up manufacturing facilities for rare earth permanent magnets (REPMs) under a ₹7,280-crore incentive scheme. The scheme aims to establish 6,000 metric tonnes per annum of integrated REPM manufacturing to meet demand from sectors such as electric vehicles, renewable energy, electronics, aerospace, and defence. The government will call bids by January-end 2026 after notifying the s

Status
Prospective
Sector
Aerospace & Defense, Manufacturing (Industrial), Electric Vehicles (EVs), Government, Automotive
Location
India
Updated
22 Jul 2026
Source
The Economic Times

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The project “Rare Earth Permanent Magnets Manufacturing Facilities” is an infrastructure initiative in the Aerospace & Defense sector, located in India. Taiyo aggregates data on it from The Economic Times.

Participants

Sponsoring Agency

Status

Original status

planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

India plans to set up manufacturing facilities for rare earth permanent magnets (REPMs) under a ₹7,280-crore incentive scheme. The scheme aims to establish 6,000 metric tonnes per annum of integrated REPM manufacturing to meet demand from sectors such as electric vehicles, renewable energy, electronics, aerospace, and defence. The government will call bids by January-end 2026 after notifying the scheme and conducting pre-bid consultations.

Original sector

Industry

Budget

Location

Country

India

Source

Source

The Economic Times

URL

More Details

Record type

Project

Sector

Aerospace & Defense, Manufacturing (Industrial), Electric Vehicles (EVs), Government, Automotive

Article published date

2025-12-05

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