New Delhi, Nov 04: Union Steel and Heavy Industries Minister H.D. Kumaraswamy launched the third round of the production-linked incentive (PLI) scheme for specialty steel on November 4.

The scheme has attracted investment commitments of Rs 43,874 crore, expected to create 30,760 jobs and lead to the production of 14.3 million tonnes of specialty steel.

Approved in July 2021 as part of the Atmanirbhar Bharat initiative, this round (PLI 1.2) targets investments in high-end steel products, including super alloys and titanium alloys, to position India as a global supplier.

Applications for the scheme are open for 30 days via an online portal, covering 22 product sub-categories with incentives ranging from 4% to 15% of incremental sales over five years starting FY 2025-26.

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