Union Cabinet approved Production-Linked Incentive Scheme for Specialty Steel which was notified on 29th July 2021. Guidelines for an effective implementation of PLI Scheme have been notified on 20th Oct 2021.
About:
Specialty steel is value added steel wherein normal finished steel is worked upon by way of coating, plating, heat treatment, etc to convert it into high value added steel which can be used in various strategic applications like Defence, Space, Power, apart from automobile sector, specialized capital goods etc.
The five categories of specialty steel which have been chosen in the PLI Scheme are:
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