Metallurgical Industries


FDI Inflows to Metallurgical Industries

FDI Inflows to Metallurgical Industries in India has registered significant growth over the last few years and this has given a major boost to the industries. The increase in FDI Inflows to Metallurgical Industries in India has taken place because Indian government has been providing incentives to the foreign investors to make investments in the country.

Metallurgical industries in India:


The metallurgical industries in India generated revenue more than US$ 13 billion in 2004- 2005 and it provides employment to around one million people. India ranks among the top ten suppliers of aluminum and steel across the globe.

The metallurgical industries in India are the biggest manufacturers of sponge iron across the world and they also produce around 35 million tonnes of steel each year. The metallurgical industries in India are largely dominated by the public sector. The major companies in the metallurgical industries in India are Tata Steel, Nalco, SAIL, Sterlite, and Hindalco.

FDI policy in metallurgical industries in India:


The government of India has allowed foreign direct investment (FDI) up to 100% through the automatic route in the metallurgical industries in India.

Amount of FDI inflows to metallurgical industries in India:


The total amount of FDI Inflows to Metallurgical Industries in India stood at US$ 825.51 million between 1991 and 2007. The total percentage of FDI Inflows to Metallurgical Industries in India came to 1.90% between 1991 and 2007.

FDI inflows to metallurgical industries in India have boosted the industries:


The increased FDI Inflows to Metallurgical Industries in India has helped to bring in the latest technology to the industries. Further the increased FDI Inflows to Metallurgical Industries in India has led to the development, expansion, and growth of the industries. All this has helped in improving the quality of the products of the metallurgical industries in India.

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