growth survery of casting foundries in india
DESCRIPTION
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.TRANSCRIPT
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The growth of foundry industry is very important for :
Inclusive growth
Engineering sectors
Overall economy of India
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Railways Power sector Automobiles and Auto components Machine tools & Engineering industries Pumps, Compressors, Valves & Fittings Agro machinery Textile industry Engineering exports
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Approx 32% output of Foundry industry goes to the Auto industries and balance to other downstream engineering industries.
Sales
Automobiles
Electrical
Power
Railway
Export
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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.
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05
101520253035
% of productions
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0
1
2
3
4
5
6
Non ferrous
Irons
Steel
Total
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67
14
89 2
Percentage
Iron
Steel
Non ferrous
Ductile iron
Other
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0 10 20 30 40
China
USA
Russia
India
Germany
Japan
Brazil
Korea
Million MT
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0
5
10
15
20
25
2006-07 2008-09 2010-11 2012-13 2014-15
USD in Billions
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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.
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Regd. Office : 1708 / 1709, G I D C – II,Dolatpara, Junagadh – 362 037.
Phone : +91-285 2660113
Fax : +91-285-2661314
E-mail : [email protected]
Web : castings.castechindia.com/contacts.html