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35 Firms Invested Rs 25,000 Cr in 2nd Round of PLI Scheme for Steel: Centre
The Daily Guardian
|March 24, 2025
The Ministry said that 176 MSMEs are among the PLI beneficiaries in sectors such as Bulk Drugs, Medical Devices, Pharma, Telecom, White Goods, Food Processing, Textiles & Drones.
Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry.
The Ministry of Steel is in the process of selection and signing MoUs with these companies, as per the commerce ministry.
The ministry said that an incentive of Rs 3,600 crore is estimated to be disbursed to these projects.
The Ministry of Steel estimates that an incentive of Rs 2,000 crore will be disbursed by the end of the scheme tenure, as per the ministry's release.
This story is from the March 24, 2025 edition of The Daily Guardian.
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