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The Economic Times

Economy / The Economic Times

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Indian seamless pipe manufactures add USD 1.4 bn in forex annually: Industry body

Indian seamless pipe manufacturers contribute USD 1.4 billion annually in foreign exchange. This significant contribution comes from import substitution and overseas sales of made-in-India products. Domestic companies now produce critical seamless pipes previously imported, saving millions each year. Exports of these specialized pipes also add substantially to the nation's earnings. The industry's growth aligns with the vision of making India a global manufacturing hub.

22 Jul 2026 10:10 pm