India plans to boost 4.5 million tons stainless steel production capacity over the next five years and become the second largest stainless steel producer after China.

Currently Indian annual stainless steel production capacity is around 2 million tons, some one third which were for export.

India's largest stainless steel producer, Jindal Stainless, plans to double its production output to 1.6 million tons. Facor Steel indicates that they will lift stainless steel output by 500,000 tons.

If all projects are completed, India stainless steel annual production capacity will achieve 4.6 million tons.