What is the status of non-ferrous metals in India? Pls explain and answer it fast
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MUMBAI: Indian demand for non-ferrous metals is expected to grow at 8 per cent between 2016 and 2021, in line with strong economic prospects and thrust on manufacturing sectors but stronger government support is required to motivate the industry, a report by KPMG said.
Non-ferrous metals include metals like aluminium, copper, zinc and lead that find application in many industrial and infrastructural uses like real estate, automotive, defence, rail, power etc.
According to the report, the performance of the non-ferrous metals industry in India has “far outpaced” the global trend owing to its huge raw material reserves, wide demand base and relatively low cost of production.
Non-ferrous metals include metals like aluminium, copper, zinc and lead that find application in many industrial and infrastructural uses like real estate, automotive, defence, rail, power etc.
According to the report, the performance of the non-ferrous metals industry in India has “far outpaced” the global trend owing to its huge raw material reserves, wide demand base and relatively low cost of production.
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