PLI plan for speciality steel gets nod

PLI plan for speciality steel gets nod

The Union Cabinet on Thursday approved the production-linked incentive (PLI) scheme for manufacturing speciality steel in the country with a budgetary outlay of ₹6,322 crore over a period of five years from 2023-24. The scheme is expected to bring in investments worth about ₹40,000 crore and result in a capacity addition of 25 million tonne (MT) for speciality steel, according to an official statement. The scheme would generate employment for about 5.25 lakh people, including direct employment for 68,000 people.

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The Hindu

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