Indian Foundry Congress
The Indian Economy is growing at 7-8% year on year. The Automotive Industries CAGR has been 15-20% and foundries CAGR has been 7-8%. This CAGR is a pointer towards the growth opportunities staring at the Foundry Industry of India. There is tremendous opportunity for sustainable growth and thereby contribute to the overall national growth.’ However Indian foundries will need to innovate to sustain and consolidate its No 2 global position in annualized production of castings. Indian foundries have a dual advantage of a huge domestic market as well as global market the reason being that many leading Tier 1 & 2 suppliers to auto manufacturers are entering the Asian markets for sourcing of castings. With many Indian foundries establishing their footprints in Europe, USA and countries like Japan, Middle East in Asia it has firmed its position as a destination for sourcing high quality castings. The congress committee realizing the need of the hour has concluded on a very apt theme – “MOULDING SUCCESS THROUGH INNOVATION”.
