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Centre notifies rare earth magnet scheme
Financial Express Pune
|December 17, 2025
THE MINISTRY OF Heavy Industries (MHI) on Tuesday notified the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet.
The scheme targets the creation of a domestic manufacturing capacity of 6,000 metric tonnes per annum (MTPA) of sintered Neodymium-Iron-Boron (NdFeB) magnets, a key input for sectors such as electronics, electric vehicles, aerospace and renewable energy. The total capacity will be allocated to five selected applicants through a global tender enquiry.
Manufacturers will be eligible for a sales-linked incentive capped at 40% of their net sales turnover, along with a capital subsidy covering 15% of eligible investments.
Dit verhaal komt uit de December 17, 2025-editie van Financial Express Pune.
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