Wednesday, July 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Rs.6,322 PLI scheme set for making and promoting specialty steel

Fiinews by Fiinews
July 26, 2023
in Manufacturing
Reading Time: 2 mins read
A A
0
JSW Steel
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Steel scrap recycling policy notified, says Kulaste

A Rs.6,322 crore Production-Linked Incentive (PLI) Scheme for Specialty Steel to promote the manufacturing of specialty steel within the country for domestic use and reduce import by attracting capital investments is one of the major initiatives undertaken by the Government for the sector.

The others include:

Notification of National Steel Policy in 2017 for providing policy support and guidance to steel producers;

Notification of Domestically Manufactured Iron & Steel Products (DMI&SP) Policy for promoting procurement of Made in India Steel by Government and public sector projects;

Notification of Steel scrap recycling policy to enhance availability of domestically generated scrap.

This update was given by the Minister of State for Steel Faggan Singh Kulaste in a written reply to a question in Rajya Sabha on 24 July 2023.

Steel, he said, is a deregulated sector and the targets for steel production, domestic consumption and export are not set by the Government.

The decisions related to steel production, domestic consumption and export are taken by the individual steel producers on the basis of market demand and other commercial considerations.

The Indian steel sector produced 120.29 million tonnes of crude steel in 2021-22, out of which 105,75million tonnes were consumed domestically and 13.49 million tonnes exported.

In 2022-23, local crude steel production increased to 127.20 million tonnes, out of which 119.89 million tonnes were consumed by the domestic market and 6.72 million tonnes exported, he said. Fiinews.com

Tags: Ministry of Steel
ShareTweetShare

Related Posts

Ericsson
Manufacturing

Manufacturing: India benefits form global partners

by Fiinews
July 2, 2025
0
18

Ericsson, Apple, Google and Qualcomm contribute beyond investments Minister of Communications Jyotiraditya M. Scindia has underlined the transformative impact of...

Greenzo Energy
Manufacturing

Manufacturing: Greenzo to invest in electrolyser

by Fiinews
July 1, 2025
0
16

Agarwal committed to green hydrogen ecosystem, New Delhi's Greenzo Energy Ltd remains committed to delivering world-class indigenous solutions that put...

RRP S4E

Manufacturing: India to get Bulgarian technology

July 1, 2025
17
Ohmium

Manufacturing: Partnership for hydrogen solutions

June 29, 2025
15
Sekisui

Manufacturing: Sekisui expands capacity in Pune

June 26, 2025
14
EVIndia

Manufacturing: MHI launches EV SPMEPCI

June 25, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: LTIMindtree offers GCC-as-a-Service
  • Tech: RDI scheme to involve private sector
  • Project: Indo-Russian Cooperation builds INS Tamal
  • Project: Udaygiri delivered to Indian Navy
  • Project: India-UAE work on resource security

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.