Vedanta, Hindustan Zinc May Join Pre-Bid Conference For ₹7,280 Crore Rare Earth Magnet Manufacturing Scheme

Vedanta and Hindustan Zinc are set to participate in the pre-bid conference for the government's ₹7,280 crore rare earth magnet manufacturing scheme. This initiative represents a strategic government investment in critical materials production capabilities. The participation of these established metals and mining companies could strengthen India's self-reliance in rare earth magnet manufacturing for applications in electric vehicles, renewable energy, and defense sectors.