Noida, Aug 3 (PTI) Steel Secretary Nagendra Nath Sinha on Thursday said the ministry has formulated proposals in consultation with the industry for second edition of the PLI scheme but its implementation would take “some time” as a few processes, including Cabinet nod, are pending.
The Union Cabinet in July 2021 approved the Production Linked Incentive (PLI) scheme to boost the production of specialty steel in India.
“We have formulated proposals for PLI 2 and need approval of the government for this. It may take some time. The proposal we have formulated has been done in consultation with all players of the industry and if we take it up, we expect a good response,” Sinha said on the sidelines of an industry event in Greater Noida.
Source :- https://www.ptinews.com/news/business/proposals-formulated-for-second-edition-of-pli-scheme-will-take-some-time-steel-secy/4/623181.html
