Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1

Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1

Daily Current Affairs / Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1

Change Language English Hindi

Category : National Published on: January 08 2025

Share on facebook

Union Steel Minister H.D. Kumaraswamy launched the second round of PLI scheme (PLI Scheme 1.1) for special steel in New Delhi on 6 January 2025, which will be open till 31 January 2025.
The PLI Scheme 1.1 will promote production of 5 major product categories such as high strength steel, alloy steel, and steel wire, thereby promoting self-reliance, employment generation and establishing India as a global steel superpower.
The objective of the scheme is to promote self-sufficiency in specialty steel production in India, reduce imports and ensure employment generation.
The PLI Scheme 1.1 has a budgetary outlay of ₹6,322 crore and will be in force from FY 2025-26 to 2029-30.

Recent Post's

Justice B. R. Gavai is set to become the 52nd Chief Justice of India, succeeding Justice Sanjiv Khanna
Read More....
China halts deliveries of US-made Boeing jets, intensifying trade tensions between the two nations
Read More....
Daniel Noboa wins the presidential election in Ecuador, earning a full 4-year term.
Read More....
Blue Origin has successfully launched an all-female crew in space, setting a milestone in space exploration.
Read More....
SEBI has banned Gensol Engineering Ltd and its promoters over charges of fund misuse and price manipulation.
Read More....
Credit growth in India’s banking sector is expected to reach 12–13% in FY26 due to favorable policies and low interest rates.
Read More....
Morgan Stanley has revised India's GDP growth forecast for FY26 to 6.1% and cut the Sensex target due to global uncertainties.
Read More....
The 6th edition of the India-Uzbekistan joint military exercise "DUSTLIK-VI" begins at Aundh military base.
Read More....
The Ministry of Labour & Employment signed an MoU with Swiggy in New Delhi for worker welfare and support.
Read More....
Indian shooters Inder Singh Suruchi and Saurabh Chaudhary secured gold in the mixed team shooting event.
Read More....