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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 reduced production-linked incentives for certain speciality steel products produced in the years 2027-2029. Incentives worth INR 222 crore (~USD ...

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Intervention Details

Intervention Type

Production subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Apr 2027

Revocation date

31 Mar 2028

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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