Get In Touch
Tmapril cpver 104x80.jpg
Current Issue

animation-neutral-tts-300x100' width='300' height='100' border='0

Looking beyond

By Guest Author,

Added 06 June 2015

Scope for exports and challenges for Indian foundry makers in automotive space. By Vikas Garg, President, Institute of Indian Foundrymen and Foundry Machinery

The industry is witnessing issues with sand availability which is a key raw material for the foundry sector. This is majorly due to mining issues; hence, we look forward for support from the government with regards to timely clearances for mining and recycling of sand by providing credit at affordable terms. This will not only address the issue of availability of sand but also help in waste reduction and environment protection.

There are just a few institutes for training of foundrymen like NIFFT /PSG and initiative by IIF through its centre of Education & Training and through its Kolhapur Chapter in PPP mode with government and the local Polytechnic.

The existing institutes / polytechnics / ITI are having outdated infrastructure and need upgradation to suit the modern day training needs of the industry. The government needs to establish at least two new institutes like NIFFT and upgrade the infrastructure at NIFFT Ranchi as well as polytechnics and ITI's near all foundry clusters.

Since foundry is power intensive, the availability of good quality power consistently at competitive tariff is paramount for competitive operations and global competitiveness of the sector and for supporting manufacturing.

There is a need of substantial attractive differential in power tariff during peak and non peak hours so that the units are motivated to shift power intensive operations towards non peak hours. 

With the business sentiment having improved in India, in the coming years we will see improved business activity which will consequently push the demand for foundry products as well as exports. We envisage that the exports of direct castings will grow three folds to in next 10 years to 7-8 USD billion & another USD 5-7 billion for components /sub assemblies made of cast parts

With a view to be self sufficient to meet the requirements of the evolving foundry sector, all the  stakeholders i.e.; the policy makers, industry & industry associations  must come together to strengthen the foundry industry of the country.
END

comments powered by Disqus