Rs 175.8 Bn Invested Under PLI Scheme for Specialty Steel
Steel

Rs 175.8 Bn Invested Under PLI Scheme for Specialty Steel

As of October 2024, companies have invested Rs 175.8 billion (bn) under the PLI scheme for specialty steel, contributing to the goal of reducing imports and boosting domestic production. The scheme has also created over 8,660 jobs, with a total investment commitment of Rs 271.06 bn. Despite challenges like supply chain delays and geopolitical factors, the government is taking steps to expedite project clearances and address concerns to meet the sector's targets.

As of October 2024, companies have invested Rs 175.8 billion (bn) under the PLI scheme for specialty steel, contributing to the goal of reducing imports and boosting domestic production. The scheme has also created over 8,660 jobs, with a total investment commitment of Rs 271.06 bn. Despite challenges like supply chain delays and geopolitical factors, the government is taking steps to expedite project clearances and address concerns to meet the sector's targets.

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India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

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Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

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Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

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