International Stainless Steel Expo, IICC (India International Convention & Expo Centre) - Yashobhoomi Convention Centre, Delhi, Delhi, India.

Domestic Stainless Steel demand is expected to touch 20MT by 2047. This will mean a sustained CAGR of 7.2% and par capital consumption growth from 2.5kg to a more global average of 8-9 kg

The industry is currently working at approx. 60pc of its installed capacity of 6.8MT which does indicate for comfortable growth for a while but also indicates for a need for expansion in short to mid term

Achieving the aspirational numbers would entail optimizing current capacities and capabilities and gradually developing newer ones to not only capture the emerging demand but also stay relevant

Challenges like sustainability, increasing input costs, the need to create new markets, technological upgrades will continue to put pressure

This necessitates the need for a platform where the industry can converge to share & learn from peers, identify new partnerships, attract investments, tap new customers and adopt technologies that can help increase efficiencies and enhance profitability