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Global Trade Alert

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India: Production linked incentive scheme announced for specialty steel

Description

On 22 July 2021, the Indian Union Cabinet of Ministers approved a budget of INR 1088 crore (~USD 146.14 million) as an incentive for the production of speciality steel in the year 2023-2024. The incen...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Apr 2023

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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