India aims to develop domestic copper processing to reduce its reliance on foreign imports

India, one of the world's largest copper importers, has presented a strategic plan to attract foreign companies to build smelting facilities on its territory, Reuters reports. The move is part of the government's efforts to reduce the country's dependence on metal imports by 2047. As an incentive, Indian state-owned companies plan to invest in the mining assets of foreign partners. Among other benefits, this will ensure stable raw material deliveries and mitigate supply chain risks.

In the 2025 fiscal year, copper imports into the Asian country rose by 4%, reaching 1.2 million tons. By 2030, according to Reuters, demand for the red metal could grow to 3–3.3 million tons, potentially surging to 8.9–9.8 million by 2047.

The official data also highlights the importance of supply diversification and overseas asset acquisitions. India intends to establish partnerships with global mining giants such as Codelco and BHP.