Govt invites bids for domestic rare earth magnet manufacturing facilities

IANS | March 20, 2026 11:33 AM

New Delhi, March 20 (IANS) The Ministry of Heavy Industries has issued a Request for Proposal (RFP) to select beneficiaries to set up integrated sintered NdFeB Rare Earth Permanent Magnet (REPM) manufacturing facilities under the Rs 7,280-crore scheme, it was announced on Friday.

FIEO hails RELIEF initiative to support exporters amid Middle East crisis

IANS | March 19, 2026 5:40 PM

New Delhi, March 19 (IANS) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed the government’s timely announcement of the RELIEF (Resilience and Logistics Intervention for Export Facilitation) initiative under the Export Promotion Mission, aimed at supporting exporters impacted by the ongoing disruptions in West Asia maritime trade routes.