If you are a manufacturer of advanced metals, 2026 just became your opportunity year.
The Indian Government has launched PLI 1.2 (Production Linked Incentive) scheme, a new phase focused on high-performance materials, and this time, the incentives are built to strengthen India’s position in defence, aerospace, EVs, power systems, and advanced engineering.
Union Minister for Steel & Heavy Industries, H.D. Kumaraswamy, officially launched the third phase in November 2025, a targeted program aimed at:
These are exactly the materials India currently imports heavily for defence, aerospace, EV motors, energy systems, and heavy engineering.
PLI 1.2 is designed to cut that dependency and open the door for domestic players to step in.
PLI 1.2 isn’t just another policy update; it’s a shift toward high-value metal manufacturing.
Factories that align early with super alloys, CRGO, titanium, and specialty stainless steels will secure larger contracts, higher margins, and long-term relevance in India’s defense and aerospace supply chain.