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Centre receives 75 applications under PLI Scheme for specialty steel

Monday, 19 Sep 2022
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The Centre has received around 75 applications from domestic players under the PLI Scheme for specialty steel. 
 
Applicants include Tata Steel, JSW Steel, JSPL, AMNS India and SAIL. As many as around 75 applications have been received. 
 
However, no proposal has been received from any foreign entity. The Union Cabinet in July 2021 approved Rs 6,322 crore PLI Scheme to boost the production of speciality steel in India. 
 
The move is expected to attract an additional investment of about Rs 40,000 crore and create job opportunities for 5.25 lakh people.
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