India, March 24 -- The Government of India issued the following news release:
New Delhi:The Ministry of Steel marked a key milestone today with the signing of Memorandums of Understanding (MoUs) under the Production-Linked Incentive (PLI) Scheme 1.1 for specialty steel. Addressing the gathering, Union Steel Minister H.D. Kumaraswamy emphasized that the scheme is a significant step toward achieving Prime Minister Narendra Modi's "Make in India" vision.
"The PLI scheme is a major step towards realizing the Hon'ble Prime Minister's vision of self-reliance. India is the second-largest producer and consumer of steel, yet we still import certain high-grade varieties. This scheme aims to bridge that gap by promoting domestic production," he sai...