Centre extends Rs 7,280-crore rare earth magnet scheme bidding timelines amid stakeholder demand

New Delhi: The Center on Friday extended the timelines of the 7,280-crore rupee scheme to promote production of sintered rare earth permanent magnet (REPM). This was in response to requests from multiple stakeholders, an official statement said.

“This is expected to facilitate broader participation and provide additional time for stakeholders during the tender process,” the statement said. expressions were used.

As per the revised timelines, the bidding deadline has been extended from 28 May to 29 June. The opening dates of technical offers have been rescheduled from 29 May to 30 June.