India Moved from Production-Linked Punishment to Incentivising Production Through PLI: PM Modi

August 21, 2026 9:47 PM

India Moved from Production-Linked Punishment to Incentivising Production Through PLI: PM Modi

Prime Minister Narendra Modi on Friday said India had moved away from the “Production Linked Punishment” approach associated with the Licence Raj era to a model that incentivises higher production, citing the performance of the Production Linked Incentive (PLI) scheme as evidence of the country's changing economic approach. Addressing a media event in the national capital, PM Modi said the PLI scheme had attracted ₹2.5 lakh crore in investment and resulted in production and sales worth ...

Ministry of Steel Signs MoUs for 85 Specialty Steel Projects Involving Investment of ₹11,887 Crore

February 9, 2026 7:54 PM

Ministry of Steel Signs MoUs for 85 Specialty Steel Projects Involving Investment of ₹11,887 Crore

The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) for 85 projects involving 55 companies under the Production-Linked Incentive (PLI) Scheme 1.2 (third round) for specialty steel at Vigyan Bhawan, New Delhi. The MoUs were signed in the presence of Minister of Steel and Heavy Industries H.D. Kumaraswamy and senior officials of the Ministry of Steel. The signing of the MoUs marks a significant step towards advancing the government’s Make in India vision. Participating comp...