Copper at the Core of Growth

In recent years, the Indian copper products market has grown significantly, as a result of the fast emerging industrial sectors and infrastructure projects. Being the most conductive and versatile metal, copper is a key material to industries such as power generation, construction, transportation, electronics, and renewable energy. The demand for copper products in India is surging - and not just because the country is urbanizing and industrializing - as many factors have combined to make it so. The government’s focus on large scale infrastructure development is a major driver of this growth. The robust demand for copper wiring, cabling and other related products arises with electrification projects, smart city initiatives and the advancements in housing and transportation. Meanwhile, the renewable energy sector, especially solar and wind energy installations, has become a big consumer of copper because it is used extensively in the wiring, transformers, and inverters.

In addition to that, India has seen the rise of electric vehicles (EVs) which have in turn boosted the copper market. With the government’s push for green mobility solutions, EVs require a lot of copper for their batteries, motors and charging infrastructure. The copper industry’s growth also received momentum from the 'Make in India' initiative which has also spurred domestic manufacturing, mostly in the electronics and electrical equipment sector. These innovations are challenged by a market of fluctuating global copper prices, dependence on imports of raw materials, and environmental concerns with mining and smelting processes. However, growth in the Indian copper products market is expected to be significant. These innovations in recycling technologies and focus on sustainable practices will be important in meeting growing demand while working towards the environment challenges.

In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

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