The Indian
government is actively shaping the future of the steel sector through the
upcoming Production-Linked Incentive (PLI) 2.0 initiative, scheduled for
implementation in 2024. This strategic move is set to revolutionize the steel
manufacturing landscape, fostering growth, innovation, and sustainability. In
response to emerging global challenges, the PLI 2.0 for the steel sector aligns
with the government's vision to enhance domestic production, reduce dependency
on imports, and bolster the overall economic resilience. The initiative aims to
provide a significant boost to the steel industry, creating a competitive edge
in the international market.