Indian copper industry may end up shedding 10,000 jobs by 2022

The domestic copper industry, comprising the primary and downstream segments, is estimated to be around Rs 60,000 crore per annum

At a time when the country’s unemployment has peaked at a record four-decade high, the domestic copper industry is silently grappling with its own sombre scene on jobs. Assailed by unchecked imports, Indian copper industry may end up shedding 10,000 jobs by 2022. 

“Increasing imports pose huge challenge to domestic copper industry by way of threat to downstream final goods producers in India, hitting livelihood of several persons directly or indirectly employed in the industry, due to closure of units and resulting in loss of employment. On the basis of the information collected through survey by IIFT (Indian Institute of