The Union government has extended timelines for a global tender under a Rs 7,280-crore scheme aimed at boosting domestic manufacturing of sintered rare earth permanent magnets. Bid submission now ends on June 29, up from May 28, while technical bids will be opened on June 30, 2026 instead of May 29. The response to bidder queries will be issued on June 9. Approved by the Cabinet in November 2025, the programme targets 6,000 MTPA of integrated magnet capacity, cutting import dependence across EVs, wind, electronics, and defence.
India’s shipping ministry has extended a key subsidy for Indian companies that flag merchant ships, pushing the scheme’s timeline to FY2030-31. The move is designed to strengthen India’s maritime fleet and expand its global shipping role, while offering financial backing to shipping firms participating in government cargo tenders.
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India is considering a bid cap as part of its upcoming airport privatisation plans, with the aim of preventing monopolistic behaviour and encouraging genuine competition. The government’s latest approach is focused on setting ground rules that reduce dominance by any single player, making airport operations and investments more contestable for bidders across the aviation sector.
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