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Govt Extends Bid Deadline for Rare Earth Magnet Scheme to Boost Participation

The Ministry of Heavy Industries has extended the bid deadline for the rare earth permanent magnet manufacturing scheme to June 29, 2026. The decision follows requests from multiple stakeholders for additional time to participate. The scheme aims to establish 6,000 metric tonnes per annum manufacturing capacity in India to reduce import dependence. The Union Cabinet approved the scheme with a Rs 7,280 crore outlay on November 26, 2025.

Key Points: Rare Earth Magnet Scheme Bid Deadline Extended

  • Bid deadline extended to June 29, 2026
  • Technical bids opening rescheduled to June 30
  • Scheme aims for 6,000 metric tonnes annual capacity
  • Rs 7,280 crore outlay approved by Cabinet
2 min read

Govt extends bid deadline for rare earth magnet manufacturing scheme to widen participation

Govt extends bid deadline for rare earth permanent magnet manufacturing scheme to June 29, 2026, aiming to widen participation and boost domestic production.

"The decision was taken following requests from multiple stakeholders seeking additional time. - Ministry of Heavy Industries"

New Delhi, May 15

The Ministry of Heavy Industries has extended timelines for global tenders under the REPM scheme as a response to demand for the same by multiple stakeholders, an official statement issued on Friday said.

The Government's response to queries from bidders will be issued on 09.06.2026. The Bid Due Date has been extended from 28.05.2026 to 29.06.2026, while the opening of Technical Bids has been rescheduled from 29.05.2026 to 30.06.2026 to facilitate wider participation and provide additional time for stakeholders in the bidding process.

The Addendum has been published on the Central Public Procurement (CPP) Portal for the information of all stakeholders.

The Ministry said the bid due date has been extended from May 28 to June 29, 2026, while the opening of technical bids has been rescheduled from May 29 to June 30, 2026. The decision was taken following requests from multiple stakeholders seeking additional time.

The Ministry added that responses to bidder queries will be issued on June 9, 2026, and the addendum has been published on the Central Public Procurement Portal.

The global tender was originally invited on March 20, 2026, for selecting manufacturers as beneficiaries under the REPM scheme to establish integrated rare earth permanent magnet manufacturing facilities in India.

The scheme was approved by the Union Cabinet, chaired by Prime Minister Narendra Modi, on November 26, 2025, with a financial outlay of Rs 7,280 crore.

Under the scheme, the government aims to establish a manufacturing capacity of 6,000 metric tonnes per annum of integrated rare earth permanent magnets in India to strengthen domestic production and reduce import dependence.

Rare earth permanent magnets are used in sectors such as electric vehicles, wind turbines, high-end electronics, aerospace and defence systems. The government said the scheme aims to develop the complete value chain from NdPr oxide to finished magnets within the country.

- ANI

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Reader Comments

P
Priya S
Rs 7,280 crore is a big investment. Hope this scheme actually delivers results and we don't see delays like other infrastructure projects. At least they are listening to stakeholders' requests for more time.
R
Rohit P
Finally some serious push for rare earth magnets! We have the raw materials but lack processing capabilities. This scheme could be a game-changer for Make in India if executed properly. Kudos to the ministry for being flexible with timelines.
S
Siddharth J
Extending deadlines is fine, but we need to ensure transparency in the global tenders. Also, why not give more incentives to Indian startups working on magnet recycling and alternative materials? That would truly reduce import reliance long-term.
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James A
As someone working in the defense supply chain, I think this is a step in the right direction. Permanent magnets are vital for precision-guided systems and radar. Hope India can build world-class facilities with this scheme.
K
Kavya N
Good intention but I hope they also focus on environmental safeguards. Rare earth mining and processing can be polluting. We should learn from China's mistakes and ensure sustainable practices from day one.
A
Aman W
Great news! This will boost our EV manufacturing and make electric cars more affordable. The extension shows the government is serious about getting the best proposals. P

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