PLI, RE incentives for ‘Green Steel Mission’ to decarbonise steel industry
The government is working on a Rs 150 billion ‘Green Steel Mission’ to reduce carbon emissions in the steel sector, which currently contributes 10-12 per cent of the country’s total emissions. The mission includes a production-linked incentive (PLI) for green steel, incentivising renewable energy adoption, and mandating green steel procurement by government bodies. These measures aim to align with India’s decarbonisation goals, with the Ministry of Steel collaborating with the Ministry of New and Renewable…