PLI Scheme for Specialty Steel (2021)

Memorandums of Understanding (MoUs) for 85 projects are signed with 55 companies under the 3rd round of Production-Linked Incentive (PLI) Scheme 1.2 for specialty steel. The scheme is launched by the Ministry of Steel in 2021 and is in the news due to the signing of MoUs under the latest round.

PLI Scheme for Specialty Steel (PLI Scheme 1.2):

Dimension	Key Details
Scheme	Production-Linked Incentive (PLI) Scheme 1.2 for specialty steel
Nodal Ministry	Ministry of Steel
Launch	Launched in 2021
Objective	Provides for promoting manufacturing of special steel grades within the country and helping the Indian steel industry mature in terms of technology and move up the value chain
Product Coverage	Super alloys, Cold-Rolled Grain-Oriented steel (CRGO), stainless steel long and flat products, titanium alloys, and coated steels
Investment Focus	Authorises attracting new investments in emerging and advanced steel products