The Ministry of Steel and Heavy Industries in India is set to launch a new Production-Linked Incentive (PLI) scheme, 'PLI scheme 1.1,' at an event in New Delhi. This scheme, initiated in 2020, has already attracted significant investment, created employment, and boosted production of 'Specialty Steel' for crucial sectors like aerospace and automotive. The Ministry is also focusing on decarbonisation efforts through initiatives like the 'Green Steel Mission,' aiming to reduce carbon emissions in the steel industry and move towards net zero targets. The integration of the steel sector into the National Green Hydrogen Mission highlights the commitment to green steel production and usage of green hydrogen. Various policies, taxonomies, and pilot projects using hydrogen in steel production underscore a shift towards sustainable practices in the steel industry. Moreover, the government's global strategy aims to position India as a prominent player in the steel sector, emphasizing collaboration on raw materials, investments, technologies, and steel exports. Overall, the article showcases India's positive and proactive approach towards advancing the steel industry with a focus on sustainability, green initiatives, and global competitiveness.