India has extended the bid submission deadline for its global tender to select manufacturers under India’s Rare Earth Permanent Magnet manufacturing scheme, giving companies an additional month to participate in a programme aimed at reducing the country’s dependence on imported strategic materials.
The bid due date has been moved from 29 June 2026 to 29 July 2026. The opening of technical bids has also been shifted from 30 June to 30 July.
The ministry said the timeline was extended to facilitate wider participation and provide additional time for stakeholders, and the addendum has been published on the Central Public Procurement Portal.
The tender is part of the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, approved by the Union Cabinet in November 2025 with a financial outlay of ₹7,280 crore.
The programme aims to set up 6,000 metric tonnes per annum of integrated rare earth permanent magnet manufacturing capacity in India.
Rare earth permanent magnets are used in electric vehicles, wind turbines, high-end electronics, aerospace and defence systems.
Their importance has increased sharply as countries look to secure supply chains for clean energy, mobility and strategic manufacturing.
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The current tender was first issued on 20 March 2026 for selecting manufacturers who will establish integrated Sintered NdFeB rare earth permanent magnet facilities in India.
Under the scheme, selected beneficiaries can receive support through capital subsidy and sales-linked incentives.
The programme also seeks to create a domestic value chain from NdPr oxide to finished magnets. This is significant because India’s advanced manufacturing sectors currently depend heavily on imported rare earth magnets, while global supply chains have faced pressure due to export controls and geopolitical tensions.
The extension of the deadline is expected to give more time to serious bidders in a technologically specialised sector where project planning, raw material tie-ups and financing are crucial.
For India, the success of the scheme will be important not only for electric mobility and renewable energy, but also for defence and aerospace manufacturing.
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