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The #Casting #foundries #in #India are compared by the percent of sales generated from new opportunities. Foundries are exporting more and are growing into new markets slightly more.
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The growth of foundry industry is very important for :
Inclusive growth
Engineering sectors
Overall economy of India
Railways Power sector Automobiles and Auto components Machine tools & Engineering industries Pumps, Compressors, Valves & Fittings Agro machinery Textile industry Engineering exports
Approx 32% output of Foundry industry goes to the Auto industries and balance to other downstream engineering industries.
Sales
Automobiles
Electrical
Power
Railway
Export
As per Automotive Mission Plan (AMP) of2006 to 2016 envisions 4 fold growth by 2016.
It shows $35 billion industry to $128-$155billion industry & employing about 24millions by the end of 2016.
This AMP plan will successfully drive demandof castings products from foundries inIndia.
05
101520253035
% of productions
0
1
2
3
4
5
6
Non ferrous
Irons
Steel
Total
67
14
89 2
Percentage
Iron
Steel
Non ferrous
Ductile iron
Other
0 10 20 30 40
China
USA
Russia
India
Germany
Japan
Brazil
Korea
Million MT
0
5
10
15
20
25
2006-07 2008-09 2010-11 2012-13 2014-15
USD in Billions
The casting foundries in India is the seventhlargest in the world with the annualproduction of over 4.5 million units in 2015.
In emerged as Asia’s fourth largest exporterbehind Japan, Thailand & South Korea.
Indian manufacturer have strong engineeringbase and expertise in the manufacturing oflow cost components.
Regd. Office : 1708 / 1709, G I D C – II,Dolatpara, Junagadh – 362 037.
Phone : +91-285 2660113
Fax : +91-285-2661314
E-mail : info@castechindia.com
Web : castings.castechindia.com/contacts.html
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