The government has signed MoUs with _____companies, stimulating the Rs 6,322-crore production-linked incentives (PLI) scheme for specialty steel, that is expected to generate investments of up to Rs 30,000 crore over the coming five years.

Solution

The government has signed MoUs with 27 companies, stimulating the Rs 6,322-crore production-linked incentives (PLI) scheme for specialty steel, that is expected to generate investments of up to Rs 30,000 crore over the coming five years.    The scheme will create 25 million tonnes of additional specialty steel manufacturing in the country and create 55,000 new jobs.    All the primary steelmakers in the country like Tata Steel, JSW Steel, Steel Authority of India, ArcelorMittal Nippon Steel India and Jindal Steel & Power are part of the scheme directly or through subsidiaries.