ENA Sectors 2025-06-05 15:46:07 <p><span style="font-size:14px"><strong>New Delhi, Jun 5 (KNN)</strong> Indias stainless steel industry has renewed calls for a dedicated National Stainless Steel Policy to harness its full potential and ensure long-term sustainability.</span></p> <p><span style="font-size:14px">Industry leaders voiced their concerns and expectations at the ongoing Global Stainless Steel Expo 2025 (GSSE 2025) in Mumbai.</span></p> <p><span style="font-size:14px">Rajamani Krishnamurti, President of the Indian Stainless Steel Development Association (ISSDA), highlighted that Indias stainless steel consumption reached 4.8 million tonnes in FY25, marking 8 per cent annual growth.</span></p> <p><span style="font-size:14px">Yet, nearly 30 per cent of this demand is still fulfilled by imports, leaving domestic capacity underutilised.</span></p> <p><span style="font-size:14px">Krishnamurti urged policymakers to provide a level-playing field for local manufacturers, cautioning against unfairly priced imports from countries like China and Vietnam.</span></p> <p><span style="font-size:14px">A comprehensive national policy is essential to promote Make in India, safeguard MSMEs, and strengthen innovation and competitiveness, he said.</span></p> <p><span style="font-size:14px">Jindal Stainless Chairman Ratan Jindal emphasised stainless steels expanding role across critical sectors such as nuclear energy, medical technology, renewable energy, and transportation.</span></p> <p><span style="font-size:14px">He proposed a three-point strategy: scaling production, boosting R&amp;D and digitalisation, and implementing trade remedial measures to support domestic manufacturers.</span></p> <p><span style="font-size:14px">With consumption expected to hit 20 million tonnes by 2047, stakeholders are pushing for policy support that ensures raw material security and encourages green manufacturing.</span></p> <p><span style="font-size:14px">GSSE convenor Anitha Raghunath noted Indias USD 22.4 billion stainless steel market is fast evolving, serving as a foundation for cross-sector innovation in EVs, aerospace, and the blue economy.</span></p> <p><span style="font-size:14px">The governments coastal development push, alongside the rise of logistics, hydrogen, and process industries, is further driving stainless steel demand. ISSDA estimates consumption could reach 12.5 12.7 MT by FY2040.</span></p> <p><span style="font-size:14px">As India stands as the worlds second-largest consumer and third-largest producer of stainless steel, a national policy could be key to securing global leadership in the sector.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42332 https://knnindia.co.in/news/newsdetails/sectors/indias-stainless-steel-makers-demand-national-policy-to-promote-make-in-india 2025-06-05 15:46:07 knnindia.co.in