New Delhi: Union Steel and Heavy Industries Minister H.D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for specialty steel, according to an official statement issued on Tuesday.

The Steel Ministry’s PLI scheme has so far attracted a commitment for investment of Rs 43,874 crore, which is expected to create direct employment for 30,760 people and an estimated production of 14.3 million tonnes of specialty steel. As of September 2025, participating companies in the first two rounds of the PLI scheme have invested Rs 22,973 crore and generated 13,284 jobs, the statement said.

The PLI Scheme for Specialty Steel, approved by the Cabinet in July 2021, is a key initiative under the Atmanirbhar Bharat vision to make India a global hub for steel p

See Full Page