In the financial year 2022-23 alone,total finished Steel Production was 122.28 MT which is a increase of 49 % as compared to 81.86 MT in financial year 2014-15.
Under the PLI(Productive linked Incentive) scheme, the Government has approved Rs. 6322 crores to give a new impetus to the Steel sector. Shri Scindia said that the PLI scheme is expected to generate an of about Rs. 30,000 Crores and additional capacity creation of about 25 Million Tonnes of specialty steel in the next 5 years.