Shaping India's Metal - Driven Future

The non-ferrous metals market is undergoing rapid growth in India, due to rising industrial need, infrastructure development and government initiatives. These non-ferrous metals including aluminium, copper, zinc, lead and nickel are indispensable for sectors like construction, automotive, electrical and renewable energy. The government’s focus on infrastructure projects, the move towards green energy and growing adoption of electric vehicle (EV) are largely responsible for the market expansion. For example, the market of aluminium is growing, thanks to its lightness and corrosion resistance, which are suitable for EVs and renewable energy applications. Major players in India have made major investments to scale up production capacity and India is ranked among the largest producers of aluminium in the world. Just as copper has risen in consumption due to a rise in power transmission and EV manufacturing, so too has this critical material for electrical wiring and renewable energy systems.

Growing demand for nonferrous metals is being driven by the Indian government’s push for decarbonisation and sustainable development. Domestic manufacturing and consumption is being given a boost by initiatives like National Infrastructure Pipeline (NIP), Production Linked Incentive (PLI) schemes. Moreover, these metals are in demand because of the rapid urbanization and the attention being paid to smart cities; these metals are required for the construction and telecom industries. Additionally, India’s solar and wind power projects are heavily dependent on non-ferrous metals for components such as wiring, turbines and panels. International trade and the global trend to resource efficient and low carbon economies serve as additional drivers to the market. 

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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