The value of copper wire exports had increased 21-fold between 2023 and 2013 to $890 million from $40.8 million.This growth has also led to improvement in India's position among exporters to 8th in 2023 from 37th position in 2013. The share of India in global copper wire exports has also gone up to 3.33% from 0.19%.The aluminium wire exports between 2013 and 2023 have grown 12-fold to $509 million from $39.5 million. With the growth, India's rank among exporters has gone up to 3rd from 21st during the period. India's share in global aluminium wire exports has expanded from a mere 1.19% in 2013 to 9.52% in 2023.The reason for the growth in exports of copper and aluminium wires is due to expansion in domestic manufacturing, rising global demand and competitiveness.The government has been promoting domestic manufacturing of aluminium and copper wire and cables, which has led to increased production and export capabilities, the analysis said.

India Boosts Position in World Market for Copper, Aluminium Wires

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