PLI 1.2 for Specialty Steel: The Third-Round Rulebook—New Base Year, 22 Product Categories, Incentive Math, and MSME On-Ramps
PLI 1.2 for Specialty Steel: India has launched the third round of the Production Linked Incentive (PLI) scheme for specialty steel—“PLI 1.2”—to accelerate domestic manufacture of advanced grades critical to defence, aerospace, automobiles, energy and infrastructure. The round covers 22 product sub-categories, offers 4–15% incentives on incremental sales, resets the base year to FY 2024–25,…