Production-linked Incentive Scheme extended to Specialty Steel

On 22nd July, 2021, the Union Cabinet approved Production-linked Incentive (PLI) Scheme for Specialty Steel to be provided over five years.

Aim

  • To promote manufacturing of specialty steel grades within the country by providing financial incentives.

Need

  • Low Production: Out of the production of 102 million tonnes steel in India in 2020-21, only 18 million tonnes value added steel/speciality steel was produced in the country.
  • Huge Import Dependency: India presently operates at the lower end of the value chain in Steel sector. Value added steel grades are largely imported in India.
  • Sector in Uptrend: The steel sector is on an uptrend ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy September 2021 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch