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

Last Modified: Tue Nov 24 2015 08:28:04 GMT+0530 (India Standard Time)
  • $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.