The increasing demand for infrastructure projects and its renovation has largely affected India’s Metallurgy industry growth. However, the industry is supplying raw materials to not just these two sectors. Rather, it is widely inter-related with several industries as the material provider. In fact, mining is the backbone for providing raw materials to a lot of industries. India is in a good strategic location for exports to developed as well as emerging Asian markets. The growth of machinery in this sector is directly interlinked with the growth of India’s economy. Additionally, it is indirectly linked with infrastructure growth.
Most international machinery technology leaders already have or are planning to set up their own manufacturing facilities in India. The comparatively low per-capita consumption of steel and increasing demand for minerals and metals leaves room for entering or expanding business in these sectors. With the growth in the Metallurgy & Mining Industries, the demand for innovative and effective machinery and equipment is increasing as the technology barriers in India are still high.