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Union Minister of Steel and Heavy Industries Shri H.D. Kumaraswamy is set to launch the ‘PLI Scheme 1.1’ for the steel industry and invite applications during an event in New Delhi. Initially introduced in November 2020, the Production-Linked Incentive (PLI) scheme for steel has already attracted investments worth ₹27,106 crore, created 14,760 jobs, and aims to produce 7.90 million tonnes of specialty steel. As of November 2024, ₹18,300 crore has been invested, generating over 8,660 jobs. Following feedback from participating companies, the Steel Ministry identified the potential to re-notify the scheme to encourage broader participation and drive further growth in the sector.
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Construction, Infrastructure and Mining
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