PLI push: Govt launches third round for speciality steel, eyes Rs 44,000 crore fresh investment for boosting production

India has launched the third phase of its Production Linked Incentive (PLI) scheme for speciality steel, aiming to boost domestic production and reduce import dependence in high-value segments. The 'PLI 1.2' initiative seeks to attract new investments and expand capacity for advanced steel products crucial for defence, aerospace, and infrastructure.