The Indian Steel Association said the PLI scheme has resulted in a commitment of about Rs 30,000 crore investment to create about 25 million tonnes of capacity in specialty steel in the next five years.
The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.
PLI scheme proposes to encourage eligible specialty steel manufacturers, by paying 4-12 percent incentive on incremental production.