Union minister of steel and heavy industries H.D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for speciality steel.

The steel ministry’s PLI scheme, approved by the Cabinet in July 2021, has attracted investment commitments worth ₹ 43,874 crore, expected to create 30,760 direct jobs, and produce around 14.3 million tonnes of speciality steel production across identified product categories, a statement said.

The scheme is a key initiative under the Atmanirbhar Bharat vision to make India a global hub for steel production .

The third round (PLI 1.2) aims to attract new investments in emerging and advanced steel products, such as super alloys, CRGO, stainless steel long and flat products, titanium alloys, and coated steels. This is ex

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