# Ministry of Heavy Industries

Type: government

Source: GetYourBrief — https://getyourbrief.com/entity/ministry-of-heavy-industries
Canonical HTML page: https://getyourbrief.com/entity/ministry-of-heavy-industries

## Timeline

- **2027**: Facility Construction — Targeted commencement of construction for the first domestic rare earth magnet plants.
- **2026-Q3**: Bid Evaluation — Expected deadline for bid submissions and technical evaluations by the Ministry.
- **2026-03-20**: Global Bid Invitation — Government of India officially invites bids for domestic magnet manufacturing units.
- **2024**: Mineral Strategy Launch — India identifies critical minerals and launches a dedicated mineral security strategy.

## Recent coverage (1 stories, network-wide)

### India Invites Global Bids for Domestic Rare Earth Magnet Manufacturing
2026-03-20 07:52:05 · Sector: climate · Sentiment: Neutral · Impact: 7/10 · Sources: 2

The Government of India has officially invited global bids to establish domestic manufacturing facilities for rare earth magnets, a critical component for electric vehicles and wind turbines. This strategic move aims to reduce import dependency, particularly on China, and secure the supply chain for India's ambitious renewable energy and EV targets.
Full story: https://getclimatebrief.com/story/india-rare-earth-magnet-manufacturing-bids

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