Steel PLI 1.2 to focus on advanced products

THE GOVERNMENT ON Tuesday launched the third round of production linked incentive (PLI 1.2) scheme for “specialty steel” to attract new investments in these emerging and advanced steel products.

- KULDEEP SINGH

According to the ministry of steel, the PLI 1.2 is aimed at attracting fresh investments in categories such as superalloys, cold rolled grain oriented steel, stainless steel long and flat products, titanium alloys, and coated steels, materials that are essential for next-generation industrial and defence applications.

Indian-registered companies involved in end-to-end manufacturing of the specified products can submit applications via online portal within 30 days from the launch.