Tel :
Tel :
India's Ministry of Steel has announced the signing of Memorandums of Understanding (MoUs) for 85 projects in New Delhi, representing a total investment exceeding 110 billion rupees. 50A1000 Non oriented magnetic steel, These projects involve the participation of 55 companies and constitute the third phase of implementation under Version 1.2 of the Production-Linked Incentive (PLI) Scheme.
Speaking at the signing ceremony, India's Minister of Steel and Heavy Industries, H.D. Kumaraswamy, stated that PLI 1.2 is a pivotal initiative aimed at fostering a resilient and globally competitive ecosystem for the specialty steel industry. 50A1000 Non oriented magnetic steel, By driving the development of indigenous production capabilities for advanced and strategic steel grades, the scheme will serve to bolster two key national strategies: "Make in India" and "Aatmanirbhar Bharat" (Self-Reliant India).
The Minister noted that PLI 1.2 aims to bridge structural gaps in the industry by incentivizing domestic production, reduce foreign exchange expenditure, 50A1000 Non oriented magnetic steel, and establish India as a reliable global supplier in the advanced steel sector.
