Indian government receives 20 bids for its rare earth magnet scheme

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Investments
ATI News Team

The government program targets to achieve a capacity of 6,000 metric tons per annum across five beneficiaries over seven years

India’s Ministry of Heavy Industries has received 20 bids for a 72.8 billion rupees (about $763 million) scheme to promote domestic manufacturing of sintered rare earth permanent magnets.

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