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 511521 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 Mzuwem Monday, 14 August 2017 14:49 posted by Mzuwem

    fast cash
    payday loans near me
    credit card debt relief
    [url=]pay day loans[/url] ’

  • Comment Link Chassidy Monday, 14 August 2017 11:13 posted by Chassidy

    best auto insurance florida
    [url=]auto insurance costs[/url]
    auto insurance levels
    worst auto insurance rates by state

  • Comment Link Haroldzem Monday, 14 August 2017 11:08 posted by Haroldzem

    Hand Spinner
    Hand Spinner
    Finger Spinner
    Fidget Cube
    Fidget Spinner
    Fidget Spinner
    Fidget Spinner
    Fidget Spinner
    Fidget Spinner
    Fidget Spinner

  • Comment Link Davidpinue Monday, 14 August 2017 01:42 posted by Davidpinue

    online casino paypal einzahlung
    online casino real money
    online macintoch flash casino
    real money online casino games
    usa casino 5cent bet

  • Comment Link immaply Monday, 14 August 2017 00:34 posted by immaply

    viagra single pack
    buy generic viagra
    how to get an erection without viagra
    generic viagra online

  • Comment Link Mzuwem Monday, 14 August 2017 00:03 posted by Mzuwem

    american loans
    3 month payday loans
    10 dollar payday loan
    [url=]cash advance usa[/url] ’

  • Comment Link Mzuwem Sunday, 13 August 2017 23:59 posted by Mzuwem

    loans poor credit
    3 month payday loans
    fast loans with bad credit
    [url=]cash advance usa[/url] ’

  • Comment Link ducj48 Sunday, 13 August 2017 21:48 posted by ducj48

    Pharmacists not treat seriously c mess with a compulsory character in the haleness care technique, and while responsibilities veer among the other areas of canadian pharmacies drug prices apothecary practice, the bottom demarcation is that pharmacists cure patients get well and stop well. Pill roller responsibilities encompass a compass of misery for patients, from dispensing medications to monitoring patient fitness and progress to optimizing their response to medication.

  • Comment Link Caneuh Sunday, 13 August 2017 21:18 posted by Caneuh

    payday loans arlington tx
    payday express
    private lenders
    personal loans

  • Comment Link Mzuwem Sunday, 13 August 2017 21:07 posted by Mzuwem

    car loans for bad credit
    cash advance definition
    200 cash payday loan
    [url=]payday loans no credit check[/url] ’


Leave a comment

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

Top of Page