SKW – India
Steel production in India rose more than 60% in the last 5 years, buoyed by the government's focus on infrastructure and revival in the automobile and consumer goods sectors of Asia's third-largest economy. The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous up-grading of older plants to reach higher efficiency levels.In India, the SKW Group is a partner in the Joint Venture Jamipol.
- India's iron and steel industry contributes about 2% of gross domestic product, or about USD 20 billion to the country's USD 1 trillion economy. The industry employs over 600,000 people.
- India is now the third-largest producer of crude steel in the world, behind China and the United States. Worldsteel registered a production of almost 90 million tons of crude steel in 2015, but is estimated to at least double this number within the next decade.