Backed by the high demand for electric vehicles, batteries, and hydrogen, the electroplating industry in the country is estimated to be at Rs 12,000 crore, a top industry official said.
Homi Bhabha National Institute Vice-Chancellor U Kamachi Mudali said the electroplating industry globally was expected to grow to USD 30 billion.
The sector has over three lakh electroplaters present across the country, Mudali noted at the fourth edition of Surface and Coating Expo 2023 here organized by Confederation of Indian Industry (CII).
"This (surface and coating) industry today is estimated to be about Rs 12,000 crore. Globally, this industry is expected to grow to USD 30 billion 2030 from the current USD 20 billion."
Ramik Shah, Director of Ronuk Group, which is engaged in the manufacturing and supplying of metal finishing and plating, said India was poised to grow in the next decade as many electroplating and global companies were setting up shop in India.
"To offer and be a world-class .
