Companies participating in the first phase of the PLI scheme for the sector have committed to an investment of ₹29,530 crore, with a downstream capacity addition of 24.78 million tonnes. The government has earmarked ₹6,322 crore for providing incentives to the steel sector under the PLI plan.
The PLI 2.0 scheme is set to run for six years and is projected to generate a significant increase in production worth Rs 3.35 lakh crore, with an expected investment of Rs 2,430 crore