 "H D Kumaraswamy (Photo: X/@hd_kumaraswamy)")
Union Minister of Steel and Heavy Industries H D Kumaraswamy launched the third round of the production linked incentive (PLI) scheme for specialty steel, announcing a recalibrated framework designed to enable wider industry participation.
In its new phase, the scheme has modified investment and capacity thresholds to encourage MSMEs and downstream units to take part, while also updating the base year for prices from 2019–20 to 2024–25 to align incentives with current production and price levels. The changes mark a strategic shift aimed at deepening the manufacturing ecosystem for value-added and high-grade steels.
The PLI 1.2 round will target advanced
