New Delhi, May 25 -- India could end its reliance on imported refined copper as early as this year, as new domestic smelting capacity and expansion projects begin narrowing the supply gap, according to Hindalco Industries managing director Satish Pai.

The comments come as policymakers, including Prime Minister Narendra Modi, have flagged India's dependence on imports of critical commodities such as copper and gold as a strategic concern.

"By the end of this year, India will not be dependent on imported copper anymore," Pai said during a post-earnings interaction with media, pointing to new smelting capacity and recycling initiatives coming on stream.

The shift is being driven by multiple developments. The commissioning of a new copper ...