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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..