The government's offering some serious incentives: ₹750 crore for setting up five manufacturing units, plus ₹6,530 crore in sales-based rewards over five years.
Technical bids will be opened on May 29, 2026 (with a ₹1 crore deposit).
India Rare Earths Ltd. will supply raw materials to the three lowest bidders, and IFCI is the scheme's project management agency.
Beneficiaries must invest ₹300-600 crore over two years, depending on capacity, giving a solid boost to local manufacturing.