https://www.taxtmi.com/news?id=62823 The government approved a Rs 7,280 crore scheme to create 6,000 MTPA of integrated rare earth permanent magnet manufacturing capacity, allocated to up to five beneficiaries (up to 1,200 MTPA each) via global competitive bidding. The seven-year scheme includes a two-year gestation period and five years of incentive disbursement, with Rs 6,450 crore in sales-linked incentives and Rs 750 crore in capital subsidy. Participation by public and private companies will follow detailed guidelines to be issued. en-us Wed, 26 Nov 2025 18:16:03 +0530 Wed, 26 Nov 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62823 The government approved a Rs 7,280 crore scheme to create 6,000 MTPA of integrated rare earth permanent magnet manufacturing capacity, allocated to up to five beneficiaries (up to 1,200 MTPA each) via global competitive bidding. The seven-year scheme includes a two-year gestation period and five years of incentive disbursement, with Rs 6,450 crore in sales-linked incentives and Rs 750 crore in capital subsidy. Participation by public and private companies will follow detailed guidelines to be issued. News - Wed, 26 Nov 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=62823