PLI scheme stands as a shining pillar of the Atmanirbhar Bharat Abhiyan, a mission to make India self-reliant, globally competitive, and technologically advanced in every sphere of industrial production. The newly launched PLI 1.2 round is aimed at attracting fresh investments in advanced and emerging categories such as super alloys, CRGO steel, stainless steel long and flat products, titanium alloys, and coated steels, materials that are essential for next-generation industrial and defence applications.
The third round will also open up new avenues for MSMEs and existing producers who have expanded or upgraded their capacities following the earlier phases. PLI 1.2 is designed to accelerate India’s journey toward becoming a global hub for high-grade steel production. Through this initiative, we aim not just to produce steel for India, but to supply the world from India. Government remains committed to building a resilient, self-reliant, and globally competitive steel industry. The PLI 1.2 round, he said, would play a vital role in achieving the goals of Atmanirbhar Bharat, Viksit Bharat by 2047, and India’s Net Zero 2070 target.