Announcement
22 Jul 2021
India has announced an incentive scheme on the production of specialty steel products.
Source
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Number of interventions
5
3 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Apr 2027
Revocation date:
31 Mar 2028
Announced: 22 Jul 2021
Production subsidy
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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Implementation date
01 Apr 2026
Revocation date:
31 Mar 2027
Announced: 22 Jul 2021
Production subsidy
In force
On 22 July 2021, the Indian Union Cabinet of Ministers announced incentives worth INR 1293 crore (~USD 173.67 million) to be provided for the incremental production and sale of certain types of steel ...
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Implementation date
01 Apr 2024
Revocation date:
31 Mar 2026
Announced: 22 Jul 2021
Production subsidy
On 22 July 2021, the Indian Union Cabinet of Ministers approved incentives worth INR 1394 crore (~USD 187.24 million) and INR 1377 crore (~USD 184.96 million) for the production of speciality steel in...
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Implementation date
01 Apr 2023
Revocation date:
31 Mar 2024
Announced: 22 Jul 2021
Production subsidy
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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Implementation date
01 Apr 2022
Revocation date:
31 Mar 2023
Announced: 22 Jul 2021
Production subsidy
On 22 July 2021, the Indian Union Cabinet of Ministers announced financial incentives worth INR 775 crore (~USD 104.1 million) for the year 2023-2024 under the "Production Linked Incentive (PLI) schem...
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