The government launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel to attract fresh investments and boost domestic manufacturing. The Rs 6,322 crore scheme aims to make India a global hub for advanced steel production

New Delhi: Steel Minister HD Kumaraswamy on Tuesday launched the third round of Production Linked Incentive (PLI) Scheme for speciality steel to attract investment in the sector, as part of the government’s aim to boost domestic output and reduce imports.

The minister launched the third round of the PLI scheme named ‘PLI 1.2’ for speciality steel at a function held. The PLI scheme for speciality steel was approved by the Union Cabinet in July 2021 with an overall outlay of Rs 6,322 crore.

It aims to transform India into a global h

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