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'STAINLESS STEEL SECTOR PROJECTED TO GROW AT 8-9%"
Outlook Business
|September 2024
Stainless steel, known for its resistance to corrosion, recyclability and strength, has found its applications across sectors-from kitchen utensils to towering skyscrapers. Abhyuday Jindal, MD, Jindal Stainless discusses five drivers of growth in the stainless-steel sector of India
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01 PUBLIC INFRASTRUCTURE SPENDING
As India's GDP improves through increased investments and growing infrastructure expenditure, stainless steel usage is expected to rise. With the government's focus on building long-lasting and low-maintenance infrastructure such as bridges and highways, the stainless steel sector is projected to grow at an annual growth rate of 8-9%.
02 SUSTAINABILITY
This story is from the September 2024 edition of Outlook Business.
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