Ministry of Heavy Industries Extends Bid Submission Timeline for Global Tender under Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM scheme)

**Executive Summary** The Ministry of Heavy Industries (MHI) has extended the global tender timelines for the "Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet" (REPM scheme) to facilitate wider stakeholder participation. The bid due date is now June 29, 2026, with technical bids scheduled to open on June 30, 2026. This Rs. 7,280 crore initiative aims to establish 6,000 MTPA of domestic manufacturing capacity to reduce import dependence and enhance self-reliance in critical sectors. **Key Points / Main Content** **Revised Tender Timelines** * **Query Responses:** The government will issue responses to bidder queries on June 9, 2026. * **Bid Due Date:** Extended from May 28, 2026, to June 29, 2026. * **Technical Bid Opening:** Rescheduled from May 29, 2026, to June 30, 2026. * **Official Notification:** An Addendum detailing these changes has been published on the Central Public Procurement (CPP) Portal. **Scheme Overview and Financials** * **Approval and Outlay:** The Union Cabinet approved the REPM scheme on November 26, 2025, with a total financial outlay of Rs. 7,280 crore. * **Production Goal:** The scheme targets the establishment of integrated manufacturing facilities with a total capacity of 6,000 Metric Tons Per Annum (MTPA). * **Scope of Work:** Beneficiaries are expected to build a complete value chain from NdPr oxide to finished sintered rare earth permanent magnets. **Strategic Objectives** * **Self-Reliance:** The project aims to position India as a key player in the global REPM market and significantly reduce dependence on imports. * **Critical Applications:** REPMs are vital components for electric vehicles, wind turbines, high-end electronics, aerospace, and defense systems. **Impact Analysis** **Potential Bidders / Manufacturers** **Impact** Interested parties have been granted additional time to address technical queries and finalize their proposals for the integrated manufacturing facilities. **Action Required** Bidders must review the Addendum on the CPP Portal and ensure their submissions are completed by the revised deadline of June 29, 2026. **Ministry of Heavy Industries (MHI)** **Impact** The extension allows the Ministry to accommodate stakeholder demands and ensure a more competitive and robust bidding process for the scheme. **Action Required** The Ministry must issue the consolidated responses to bidder queries by June 9, 2026, and prepare for the technical bid opening on June 30, 2026.

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