The Production Linked Incentive (PLI) Scheme has been notified by the Ministry of Steel in July 2021 to promote the manufacturing of Specialty Steel within the country and reduce imports by attracting capital investments and has been operational since April, 2023. The anticipated additional investment under the PLI Scheme for Specialty Steel is Rs. 27,106 crores, downstream capacity creation of around 24 million tonnes and anticipated direct employment generation is 14,760.

This information was given by the Union Minister for Steel and Heavy Industries, Shri H.D. kumaraswamy in a written reply in the Rajya Sabha today.

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