Metals are essential building blocks for a country’s infrastructure. These fuel industrial progress and foster technological breakthroughs, which are imperative in driving development and building economic prosperity. India has a significant advantage where it concerns the metal and mining industry. Blessed with an abundance of natural reserves, we have a rich variety of mineral deposits that serve as core ingredients in the production of key metals.
The continuing expansion of the Indian economy and the government’s focused emphasis on infrastructure development have increased production and consumption capacity of these key metals. For instance, India is the second largest producer of crude steel in the world,[i] with production levels reaching 124.7 MT in 2022.[ii] These trends also pave the way to capture a larger share of the global demand.