Latest News | Govt Receives 75 Applications Under PLI Scheme for Specialty Steel

New Delhi, Sep 18 (PTI) The government has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official.

Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said.

Also Read | UPSC CAPF Result 2022 Declared at upsc.gov.in; Know Steps To Check Score.

"A significant number of applications have been received. There around 75 applications," the official said.

However, no proposal has been received from any foreign entity, according to the official.

Also Read | Cheetahs Back in India After Seven Decades: What Are Major Differences Between a Cheetah, Leopard and Jaguar?.

After shortlisting the proposals, the government will come out with a final list which would take around 35-40 days, the official said.

The government had set the final deadline on September 15 after several extensions for receiving proposals from manufacturers for benefits under the PLI (Production-Linked Incentive) scheme for speciality steel.

The Union Cabinet in July last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in India.

The move is expected to attract an additional investment of about Rs 40,000 crore and generate 5.25 lakh job opportunities.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)