Source: Foundry Gate
“India is the third largest manufacturer of metal castings globally, producing approx 10 million tonnes of castings in various metals.
The Institute of Indian Foundrymen (IIF) is the apex industry body promoting the competitiveness of India’s foundry industry. There are about 5,000 foundries in India largely in the MSME category.
The foundry or metal casting industry is a key component feeder for the various sectors such as auto, auto components, railways, agro, tractors, textile, cement making, electrical machinery, earthmoving machinery, power equipment, defence equipment, and aero and space industry its sustainable growth has become more important today than ever before given the emphasis of the government on “Make in India”.
Read More: Foundry Sector’s Expectations
