Securing supply: 2nd steel PLI in the works
Mint Mumbai|May 23, 2023
NEW DELHI : The government is set to introduce a second production-linked incentive (PLI) initiative for the steel industry, aimed at bolstering the local capital goods industry and boosting supplies of essential materials in the country.
Subhash Narayan & Mihir Mishra
Securing supply: 2nd steel PLI in the works

The expansion of the scheme aims to support the manufacture of capital goods and critical consumables such as refractories, low carbon and low loss of ignition fluxes, rollers, carbon capture units, coal and iron beneficiation agglomeration equipment, and other imported materials required in steel making. The new initiative is currently in the final stages of discussions at the steel ministry, and is expected to be implemented before the end of the current year, after required approvals, including from the Union cabinet.

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