Ministry of Steel signs 57 MoUs’ with 27 companies under PLI schemes for specialty Steel

Ministry of Steel signs 57 MoUs’ with 27 companies under PLI schemes for specialty Steel

Daily Current Affairs / Ministry of Steel signs 57 MoUs’ with 27 companies under PLI schemes for specialty Steel

Change Language English Hindi

Category : Business and economics Published on: March 23 2023

Share on facebook

The Ministry of Steel has signed 57 MoUs’ with 27 companies for specialty steel under the Production Linked Incentive (PLI) Scheme.
Under the PLI scheme, the Government has approved Rs. 6322 crores to give a new impetus to the Steel sector.
The government has allocated Rs 6,322 crores to boost the steel sector and generate an investment of about Rs 30,000 crores.
The Indian Steel Industry has been on a growth trajectory for the last few years and is currently the second-largest producer globally.
Steel is also one of the sectors driving the much-needed private investment in the country.
The PLI scheme is aimed at encouraging domestic as well as foreign companies to manufacture specialty steels needed for high-end applications.

Recent Post's

The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.
Read More....
Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.
Read More....
Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.
Read More....
Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.
Read More....
Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.
Read More....
Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.
Read More....
TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.
Read More....
India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.
Read More....
Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.
Read More....
Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.
Read More....