The Ministry of Heavy Industries published a Request for Proposal (RFP) on 20 March 2026 for sintered rare earth permanent magnet manufacturing.
The RFP is issued under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet, linked to PLI-Auto (Production-Linked Incentive for the automobile sector and related supply chains).
Background and earlier position
Sintered rare earth permanent magnets are specialized components used in motors and other electromechanical systems. In clean-energy and electric-mobility supply chains, magnets function as strategic inputs because they support higher-performance motor and related equipment manufacturing.
Production-Linked Incentive (PLI) frameworks typically aim to build measurable manufacturing capacity by tying government support to verified output and/or performance milestones. In such frameworks, an RFP stage acts as a formal application and evaluation gateway for manufacturers seeking scheme support.
What changed now
Related current affairs
- Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM)
- Assessment of rare earth permanent magnet demand and Cabinet-approved scheme to promote manufacturing
- Government approves PLI-Auto scheme with Rs. 25,938 crore outlay
- PM E-DRIVE Scheme (Electric Drive Revolution in Innovative Vehicle Enhancement)
- PLI-Auto: Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India
- PM E-DRIVE and EV charging: Rs. 2,000 crore allocation and unlicensed nature of EVCS