1 Worldwide Population of 1,428,627,663 - GDP 2024 US$ 14,59 Trillion
India is the world second largest producer of castings
The Indian government has taken a major step towards the non-ferrous metals industry by mandating 5% recycled content in all new products from the beginning of the financial year 2027-28.
This measure covers non-ferrous metals such as aluminium, copper and zinc.
$10 billion investment for Aditya Birla Group-owned Hindalco Industries
Chairman Kumar Mangalam Birla made clear his plans near-term projects related to aluminium and copper smelters, including the Aditya flat-rolled plant, a greenfield alumina refinery at Rayadaga and the Bay Minnette expansion at Novelis.
In addition, Hindalco is setting up a greenfield alumina refinery at Rayagada, Odisha, with the first phase having a capacity of 850,000 tonnes and expected to be commissioned in 2026-27. All these expansion projects are aligned with the growing domestic demand for aluminium in India.
The Indian aluminium market in 2023 was valued at around US$ 11.28 billion and is projected to reach US$ 19.76 billion by 2030, at a CAGR of 7.6% from 2024 to 2030.
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“The recently-launched Chandrayaan-3 and Aditya-L1 missions prove the significant strides we have taken to further space exploration,” says Sanjay Nekkanti , Chief Executive Officer and co-founder of Dhruva Space.
More than 520 private companies and research institutions are actively contributing to India’s space economy, which could touch $44 billion by 2033 around 10% of the global market share .
India’s startups raised $6.3 billion in funding between January and July 2024 an almost 43% year-on-year increase in funding
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India's interest in Mexico is reflected in significant investments, estimated at at least $500 million this year. These investments are mainly aimed at the production of automotive components.
