Market Facts

India at a glance

When the Government of India in 1991 ushered in an era of de-licensing, price decontrol, lowering of import restrictions, and lowering of duties and abolition of freight equalization; resulted in increased domestic production and further opened up opportunities for doing business in India.

India’s ranking in the production of the following resources –

2nd largest producer of sponge iron in the world

3rd for coal, lignite and barites

4th for iron ore

6th for bauxite and manganese ore

10th in aluminium

11th in crude steel and

India is also the world’s largest producer of mica blocks and mica splitting

The Indian copper pipes and tubes industry is poised for around 25% growth in the next 2-3 years

Estimated investments in Indian steel production capacity will be nearly 243 million tonnes by the year 2020

This will take India from being the current 5th largest steel producer to the 3rd largest by 2015 and 2nd largest by 2020, next only to China

India will offer US $20 billion worth of investment opportunities over the next three years for expansion of new ferrous and non-ferrous plants

As energy consumption and inefficiency in Indian smelters have been major problems, there is ample scope for improvement in the efficiencies of operations

India has the potential to rank among the world’s top 5 suppliers and markets for steel and aluminium

Immense potential has been further highlighted by the growing resilience in the Indian economy

An assured ROI, due to an improved top of the line growth, together with better profitability

A substantial reservoir of skilled manpower

The current market figures show us that the international tube and metallurgy industry could use the Indian steel and metal industry to collaborate and source its requirements for meeting existing and new needs of the consumer industries – worldwide.

Major projects in diversified sectors like rail and air transport, energy, infrastructure, steel, power, oil refining, chemicals, manufacturing, automobiles, environment, defence and so forth promise a lot in terms of investment, growth and business opportunities in India.

So come and be a part of the new emerging economy in South Asia!