Synopsis
“All of them -integrated steel mills, secondary steel mills and MSMEs in the sector - will benefit from the scheme. This is a demand-driven scheme, and there is a huge demand for speciality steel,” he added.
In an endorsement for the government’s Productivity-Linked Incentive (PLI) scheme for speciality steel, India’s top six steelmakers are set to produce speciality steel within the first year of the announcement of this scheme, Union steel minister RCP Singh told ET.
“The scheme has been designed with input from the industry, and the top six companies will soon enter the speciality steel sector. Six top companies – including 4 international and 2 domestic players - will enter in (producing speciality steel) the first year itself,” Singh said.
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