Last mentioned: Mar 20, 2026
Facility Construction
Targeted commencement of construction for the first domestic rare earth magnet plants.
Bid Evaluation
Expected deadline for bid submissions and technical evaluations by the Ministry.
Global Bid Invitation
Government of India officially invites bids for domestic magnet manufacturing units.
Private Sector Strategy
Experts and policymakers convene to finalize the framework for deeper private sector integration in the mineral value chain.
List Expansion
The Ministry of Mines expands the critical minerals list to 30 items based on supply risk and economic importance.
First Auction Launch
India launches its first-ever auction of critical mineral blocks, including lithium and REEs.
Mineral Strategy Launch
India identifies critical minerals and launches a dedicated mineral security strategy.
MMDR Act Amendment
Parliament passes bill to allow private sector mining of critical and deep-seated minerals.
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.
The Government of India has launched a global tender to establish domestic manufacturing facilities for rare earth magnets, a move aimed at securing critical supply chains for defense and aerospace. This initiative seeks to leverage India's significant mineral reserves to reduce a near-total reliance on Chinese imports for high-tech components.
India is intensifying its strategic shift to integrate private sector expertise and capital into the exploration and processing of critical minerals. This movement aims to reduce heavy import dependencies and catalyze the nation's ambitious renewable energy and electric vehicle manufacturing targets.
India is aggressively integrating the private sector into its critical minerals strategy to reduce import dependency and accelerate its green energy transition. Experts emphasize that private investment and technical expertise are now the primary engines for the exploration and processing of essential materials like lithium and cobalt.