Govt to launch another round of PLI scheme for steel sector on Monday

The government is set to launch another round of the Production-Linked Incentive (PLI) scheme for the steel sector on Monday. The new round of incentives aims to boost domestic steel production and promote exports by providing financial support to companies that enhance their manufacturing capabilities. The initiative is part of India’s broader efforts to support key industries and reduce dependency on imports. The scheme is expected to attract significant investments and foster innovation in the sector, contributing to the growth of the national economy.