AM/NS India welcomes the Union Cabinet’s decision to approve the PLI scheme

Bhubaneswar: ArcelorMittal Nippon Steel India (AM/NS India) welcomes the Government’s approval of a Production Linked Incentive (PLI) scheme for speciality steels. CEO, Arcelor Mittal Nippon Steel India and President, Indian Steel Association Mr. Dilip Oommen applauded the Union Cabinet’s decision to approve this scheme,

In his reaction on the Union Cabinet decision, Mr Oommen said “We applaud the Union Cabinet’s decision to approve the Production Linked Incentive (PLI ) scheme for Specialty Steel. The steel industry has demonstrated tremendous resilience in these challenging times. This decision will go a long way in enabling growth, not just for the steel sector, but overall infrastructure development. It will help bring the country at par with the best in the industry globally. This milestone also reinforces the Government’s vision of building and growing an ‘Atmanirbhar Bharat’ and we are confident that this move will truly provide further impetus to India’s socio-economic growth.”