Govt Initiates 2nd Round Of PLI For Specialty Steel

New Delhi: The government has received 73 applications under the second round of production linked incentive (PLI) scheme for specialty steel, Sandeep Poundrik, secretary in the Union steel ministry, said on Wednesday.

The PLI schemes were launched as part of government’s efforts to increase production of special steel in India to make the country self-reliant in high grade steel, the official said on the sidelines of ‘Catalyzing R&D in Indian Steel Sector’ event in the national capital.