Government Unveils Ambitious PLI 2.0 for Steel Sector in 2024

29 Dec 2023 CW Team

The government, led by Union Minister Faggan Kulaste, has unveiled a groundbreaking initiative in the steel sector. Set to roll out in 2024, the Production Linked Incentive (PLI) 2.0 aims to bolster the steel industry's contribution to the nation's economic landscape. This strategic move comes as the demand for steel continues to surge, marking a pivotal moment for both manufacturers and the economy. The scheme focuses on enhancing the steel sector's competitiveness and fostering innovation. Key components of the PLI 2.0 include financial incentives, advanced technology adoption, and sustainable practices. Manufacturers embracing eco-friendly processes are poised to benefit significantly, aligning with the global shift towards sustainable development. The government's commitment to the steel industry's growth is underscored by its proactive approach in designing PLI 2.0. With a vision to position India as a global steel hub, the initiative encourages investments and upgrades in manufacturing capabilities. This, in turn, is expected to generate employment opportunities and stimulate economic development.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

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Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..