Business Prospective

Rate this item
(0 votes)

Despite growing significance of cheaper substitute, the Rs 3200-crore aluminium utensil industry is set to witness between 15 and 20 per cent growth in the next two years due to high resale value of items. The industry has recorded an average growth of 15 per cent in the last three years in spite of economic turmoil.

The estimates assume significance as the utensil sector alone consumes nearly 20 per cent of the overall aluminium consumption in India and sets the direction for aluminium producers for production capacity. The sector also establishes the changing consumers’ sentiment who along with immediate need, think returns before considering investment.

“The Indian aluminium utensils sector comprising 4,000-plus firms is still not recognised by any government or agencies. Nevertheless, in the last three years, we have witnessed tremendous growth. However, irrelevant myths about health hazards may seriously impact the industry's prospects,” said Bharat Garg, patron of Federation of All India Aluminium Utensils Manufacturers.

Utensils made of stainless steel (SS) directly compete with that of aluminium. But, on the price front, SS utensil lags behind. SS utensils are available at one-fourth of the price of aluminium utensils. Hence, consumers opt for SS utensil for immediate needs. But, those who can afford costlier items and aim it as an investment, buy aluminium utensils.

The Rs 50,000-crore SS utensil industry has also been growing at 15 per cent for the last several years and the trend is likely to continue in future as well due to non-nucleus family structure in India.

Compare this: SS utensil scrap is generally dumped for no value while the aluminium utensils scrap is kept safe for selling it back to local retailer at slightly discount of new utensils.

While the industry was growing at about 10 per cent annually until three years ago, new innovations in product portfolio kept the consumers’ confidence up and the overall growth intensified further to 15 per cent in the last three years. Cookware like non-stick pans and pressure cookers are gaining more popularity in kitchens across all segments of population.

Almost 95 per cent of these products are made of recycled metal wherein there is no price differential for the products based on recycled or virgin metal. Garg said this was because the metal loses none of its original properties in the recycling process. Also, the issues of contamination in recycled metal were duly taken care of by the industry. The utensil manufacturers source the raw material from scrap traders, who collect used aluminium articles from rag pickers and petty collectors.

Nearly 15 per cent of the aluminium utensils produced in the country is exported to West Asia, Europe and African countries. “The exports are also encouraging. However, we want the domestic market to grow exponentially. We have launched several initiatives to dispel the rumours relating to the usage of aluminium utensils,” said Tarun Goyal, president of the federation.

Tuesday, 23 October 2012 10:59 Written by 
Read 456069 times Last modified on Tuesday, 23 October 2012 11:00

NM Metal Works, As Northern India's premier aluminum utensils manufacturer, we recognize that our highest responsibility is to deliver our customers most innovative and competitive products. In keeping with this commitment, we are continuously seeking to provide our customers with the highest quality products, unmatched utensils and finishing capabilities,

Website: Email This email address is being protected from spambots. You need JavaScript enabled to view it.


  • Comment Link GeraldBaK Thursday, 22 June 2017 12:34 posted by GeraldBaK

    buy cheapest viagra
    buy viagra online
    where can i buy viagra online
    best place to buy viagra online

  • Comment Link Timmyblowl Thursday, 22 June 2017 12:12 posted by Timmyblowl

    purchase cheap viagra online
    cheap viagra
    cheap generic viagra
    cheap viagra online

  • Comment Link Tramver Thursday, 22 June 2017 11:57 posted by Tramver

    cialis 5 mg efficaci

    generic cialis online

    cialis online

    online verordnung cialis

  • Comment Link Tramver Thursday, 22 June 2017 11:56 posted by Tramver

    cialis online cheap price

    buy cialis


    cialis sales online usa paypal

  • Comment Link Tramver Thursday, 22 June 2017 11:55 posted by Tramver

    cialis trial canada


    cialis online

    farmaco generico del cialis

  • Comment Link BennieFlure Thursday, 22 June 2017 11:34 posted by BennieFlure

    canadian pharcharmy canada drug stores drugstore canada canadian viagra online

  • Comment Link GfddsVase Thursday, 22 June 2017 07:20 posted by GfddsVase

    loans personal loans -
    personal loan [url=]bad credit personal loans[/url] ’

  • Comment Link Vindover Thursday, 22 June 2017 04:09 posted by Vindover

    we use it cialis cost


    generic cialis

    is cialis by prescription

  • Comment Link AndrewDam Thursday, 22 June 2017 03:05 posted by AndrewDam

    where to buy cheap cialis online
    cialis for cheap
    buying cheap cialis online
    buy cialis cheap prices fast delivery

  • Comment Link RichardFlorm Thursday, 22 June 2017 02:21 posted by RichardFlorm

    herb viagra for sale
    viagra for sale online usa
    generic viagra for sale
    generic viagra for sale


Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Top of Page