The Ministry of Heavy Industries has received 20 bids through a global tender for setting up integrated Sintered Rare Earth Permanent Magnet (REPM) manufacturing facilities in India. The scheme aims to establish 6,000 MTPA capacity, reduce import dependence, and strengthen India’s role in the global REPM market.
India’s steel sector is set for major expansion under the proposed National Steel Policy 2025, targeting 400 million tonnes capacity by 2035–36 while shifting toward sustainability. The plan also emphasises emission reduction, green technologies, and circular economy practices
