Government's PLI 2.0 Set to Transform Indian Steel Sector

The Indian government is actively shaping the future of the steel sector through the upcoming Production-Linked Incentive (PLI) 2.0 initiative, scheduled for implementation in 2024. This strategic move is set to revolutionize the steel manufacturing landscape, fostering growth, innovation, and sustainability. In response to emerging global challenges, the PLI 2.0 for the steel sector aligns with the government's vision to enhance domestic production, reduce dependency on imports, and bolster the overall economic resilience. The initiative aims to provide a significant boost to the steel industry, creating a competitive edge in the international market.