PLI Scheme Boosts Specialty Steel Production

The Production Linked Incentive (PLI) Scheme for specialty steel aims to attract investment and enhance value-added steel production in India. As a deregulated sector, investment and production decisions are driven by industry considerations.

Participating companies committed ₹27,106 crore under the scheme, with ₹18,848 crore invested as of December 2024. Specialty steel production reached 1.26 million tonnes during this period, marking significant progress in the sector.