More than 500 stakeholders from both India and abroad are set to convene for discussions on opportunities within the stainless steel industry during the upcoming Global Stainless-Steel Expo 2023. Hosted by Virgo Communications and Exhibitions (VCE), the three-day event is scheduled to take place in Mumbai next week, as announced in a statement by VCE on Wednesday.
The Global Stainless-Steel Expo 2023 (GSSE 2023) will delve into crucial topics such as stimulating demand, emissions targets, exports, and the research and development (R&D) of innovative technologies vital for the sector. VCE emphasized that the event will attract over 500 industry professionals directly associated with the stainless steel industry.
Highlighting the significance of the stainless steel sector in India’s goal of achieving a USD 5 trillion economy, VCE Director Anitha Raghunath noted, “With the hosting of G20, the stainless steel industry is set to play a pivotal role in India’s ambitious goal of becoming a USD 5 trillion economy. At the GSSE 2023, there will be several CEO round tables, Business-to-Government (B2G) meetings, besides numerous industry and technical sessions.”
Leaders in the stainless steel industry from both India and abroad, as well as government representatives, are expected to participate in the event, commencing on September 14. The summit will also provide an ideal platform for individuals and entities seeking collaborations or partnerships in the sector. The statement highlighted that the stainless steel industry in India has achieved a compound annual growth rate (CAGR) of 8-9 percent, surpassing the global average CAGR of 5.8 percent.
Key areas of focus will include the application of stainless steel in emerging sectors such as renewable energy (solar, wind, and hydro), automobiles, electric vehicles (EVs), railways and metro projects, railway station redevelopment, and the defense and aerospace sector, among others.