Capacity augmentation, value-added applications critical for making India leader in stainless steel production

Capacity augmentation, technological innovation and value-added applications will be critical for India to become a global leader in stainless steel production, a top industry executive said.

India's stainless-steel industry stands at a defining moment. With sustained investments in capacity expansion, technological advancement, product innovation, and value-added applications, India has the potential to emerge as a global hub for stainless steel manufacturing, Abhyuday Jindal, the Managing Director of Jindal Stainless, said.

According to the industry body ISSDA, the country's stainless steel production stands at 5.16 million tonnes, compared with the global total of 64.2 million tonnes. While against the world average of 6 kg, the per capita consumption of stainless steel is around 3.4 kg in India.


Not just infrastructure, metro and railways, construction and real estate, stainless steel applications can support the sustainable growth of growing sectors such as green hydrogen, food processing, pharma, among others, Rajamani Krishnamurti, President, Indian Stainless Steel Development Association (ISSDA), said.

As India strengthens its position as the world's second-largest consumer of stainless steel, industry stakeholders are increasingly aligning efforts to accelerate growth, innovation, and global competitiveness, Jindal noted.

In this direction, the Global Stainless-Steel Expo (GSSE) is set to gain further momentum through support from the Indian Stainless Steel Development Association (ISSDA) in the forthcoming GSSE Expos.

"Beyond consumption growth, India has the opportunity to become a globally competitive manufacturing and innovation hub for stainless steel and its applications," said Krishnamurti.

Anitha Raghunath, Director of GSSE, said India's stainless steel industry needs a unified platform where the Ministry of Stainless Steel, ISSDA, and GSSE work together to align policy, innovation, and market opportunities, accelerating India's rise as a global stainless steel industry.