Rare Earth Permanent Magnets Manufacturing Facilities
Sector: Aerospace & Defense • Location: India
Source: The Economic Times
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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Project Information
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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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