New Delhi, Nov. 4 -- Union Minister of Steel and Heavy Industries H.D. Kumaraswamy launched the Production Linked Incentive (PLI) Scheme for Specialty Steel, aiming to accelerate India's push toward high-value steel manufacturing and industrial self-reliance.

The latest round, referred to as PLI 1.2, seeks to attract new investments in advanced steel categories such as super alloys, cold-rolled grain-oriented (CRGO) steel, stainless steel long and flat products, titanium alloys and coated steels - key materials for sectors including defence, aerospace, energy, automotive and infrastructure.

Applications for the new round will be accepted online for 30 days from launch. Companies registered in India and engaged in end-to-end production o...