Make-in-India initiative seen as growth driver for foundries

Last Modified: 24-Nov-2015 8:28 AM

$3 billion
of investment expected by the Indian foundry industry in the next 10 years.
30 million
tonnes of castings is the potential demand in the country which will attract this investment.
10 million
current annual production whereas the current installed capacity is 15 million, according to K. Samaraj, President of the Institute of Indian Foundrymen
#3
India is the third largest producer of castings globally.
60 %
of the casting production in the country is for the automobile sector.
$ 2.2 billion
total casting exports in 2014-15, primarily to the U.S. and the European Union.
$800 million
total casting imports in 2014-15, mainly from Thailand and China.
20%
The landing cost of castings from China for specific sectors is lower than the Indian prices.