India's Ministry of Steel is revising the Production-Linked Incentive (PLI) scheme for specialty steel to broaden its scope and simplify eligibility criteria. The updated scheme aims to encourage new capacity creation by offering fiscal incentives to companies. Discussions with stakeholders have been completed, and the revised PLI scheme is expected to be announced in the coming weeks. Notably, greenfield investments may be included for eligibility, alongside existing brownfield projects. The PLI scheme, launched in 2021 with a budget of $765 million, is anticipated to begin disbursing funds in 2025, with an initial payout of $6 million expected.