ANI New Delhi

Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry. The Ministry of Steel is in the process of selection and signing MoUs with these companies, as per the commerce ministry.  The ministry said that an incentive of Rs 3,600 crore is estimated to be disbursed to these projects.

The Ministry of Steel estimates that an incentive of Rs 2,000 crore will be disbursed by the end of the scheme tenure, as per the ministry's release. Centre has approved a total of 764 applications under the Production Linked Incentive  (PLI) Scheme for 14 key sectors, according to the Ministry of Commerce and Industry. The Ministry said that 176 MSMEs are among the PLI beneficiaries in sectors such as Bulk Drugs, Medical Devices, Pharma, Telecom, White Goods, Food Processing, Textiles & Drones.

The PLI Schemes for 14 key sectors are under implementation to enhance India's Manufacturing capabilities and Exports. As per the ministry, an actual investment of around Rs 1.61 lakh crore (USD 18.72 billion) has been reported till November 2024 which has generated production and sales of around Rs 14 lakh crore (around USD 162.84 billion) against targets of 15.52 lakh crore up to FY 2024-25 and Employment of over 11.5 lakhs (Direct and Indirect).