Cabinet approves ₹6,322 crore PLI scheme for specialty steel

cabinet approves e282b96322 crore pli scheme for specialty steel

Sumary of Cabinet approves ₹6,322 crore PLI scheme for specialty steel:

  • The Union Cabinet on Thursday approved ₹6,322 crore production-linked scheme for specialty steel to promote Prime Minister Narendra Modi’s made-in-India campaign and reduce the dependence on import of steel to fulfil the country’s needs.
  • There are five categories of this specialty steel which are quote plated steel product – used in AC, fridge, solar energy structure etc;
  • high strength/wear-resistant product – construction equipment, armour bodies;

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