Indian Casting Manufacturers in India Look to Double Turnover by 2020

In the last few years, the Indian foundry industry has seen a tremendous transformation and has recently become the 3rd largest caster in the world. Owing to this and the opportunities presented in the budget, the casting manufacturers in India look to expand their business by 2020. It is believed that the foundry industry employs about two million people both directly and indirectly. However, the real matter of concern is the cost and the uncertain US policies on the import of foundry and casting.

 

 According to Anil Waswani, President of Institute of Indian Foundrymen (IIF), Indian foundry industry is looking forward to double its revenue by 2020.All thanks to the growth in demand of railway infrastructure, defence, aerospace, earth moving, material handling and revival of the automotive industry, there will be a substantial demand for foundries.
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Will Farm Mechanisation in India Improve the Farming Condition?

With a considerable decline in the usage of animal and human power for agricultural activities, the agricultural equipment manufacturers in India have developed a new range of agricultural tools. Most of these tools or vehicles are driven by fossil fuel. This has given rise to mechanisation in India. Although it is not as prevalent as other countries, it is gaining momentum.

Water scarcity tackling, better yield, improved economy are few of the benefits that mechanization offers. Here, we have shared some benefits.

• Input Savings: A study shows that farm mechanization provides several input savings such as Seeds (approximately 15%-20 %), fertilizers (approximately 15%-20% ),increased cropping intensity (approximately 5%-20%)

• Increased Efficiency Farm mechanization improves the efficiency of farm labour and reduces hard-work and burden. It also helps in saving time. Apart from this, mechanization also helps in boosting the harvest and lowers the chances of post-harvest losses thereby improving the quality of farming. All this ensures that the production costs are low and farmers are able to earn an additional income.
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Smart Factory - The Future of Manufacturing Industry

To make India a manufacturing hotspot for domestic as well as overseas players, the Make-in-India programme was launched in 2014. The future looks promising with Indian manufacturing sector geared up to hit the $1 trillion mark in the next ten years and generate 90 million domestic jobs. To achieve this, a smart factory set-up that includes CNC machine job, VMC job work, etc needs to be in place. This will help maintain operating costs and efficiency at every step of production. What needs to be observed is whether Indian manufacturers are up for the challenge and are digital-ready.


What is a Smart Factory?

It is the merging of the virtual and the physical worlds through computer systems. Smart factory is touted to be the paradise of efficiency where downtime, defect, waste and waiting will be forgotten. The plant managers and CIOs will have to work together and illuminate every piece to make it globally acceptable. The rise of Internet of Things framework has propelled smart factories to a great extent.

On the shop floor CNC job work is used to share data among themselves. This creates a flow of real- time data that helps manufacturers understand the intricacies involved in their inventory, infrastructure and workflow status.

Benefits of Smart Factory

• Lean Process With a significant reduction in material handling cost and low inventory holding cost, smart factories offer maximum savings on order management cost.

• Maximum Operation Flexibility The logistics systems of smart factory are designed to suit several manufacturing environments and production houses. This ensures flexibility in operation.

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The Future of Electric Cars in India and how it affects the Automobile Components Manufacturers

The automobile industry in India is one of the largest in the world. It accounts for 7.1% of the nation’s GDP. Also, owing to the growing middle class population, the two wheeler segment has 81% market share in the Indian Automobile market. Electric cars are steadily gaining momentum and in a few years it will take over. Also, the Government of India plans to make all the cars electric by 2030.



Automobile components manufacturers and few leading companies such as Maruti Suzuki India Ltd, Ford India Pvt. Ltd, Mahindra & Mahindra Ltd, Mahindra Reva Tata Motors Ltd and Electric Vehicles Pvt. Ltd have created a consortium that will help develop a supplier base for critical hybrid and electric vehicle components in India.

According to Arvind Mathew, Managing Director of Mahindra Reva,“The idea is to build a supplier base by providing component makers economy of scale. The move will bring down costs and promote the usage of such vehicles,”

But the real question is whether India is really equipped to achieve the goal? Are the auto components manufacturers in India prepared to produce the parts in such a short duration? The biggest issue is the battery which makes up for 50% of the cost of an electric vehicle. However, as per Bloomberg data, the cost of Lithium ion batteries has dropped 73% in the last six years. Again, India does not have any Lithium deposits while countries like China, Argentina, Chile and Australia have the largest Lithium reserves. This poses an obstacle to setting up a feasible battery manufacturing plant in India and it also implies that companies will have to look for other options to power electric vehicles. However, thanks to the ever evolving technology, plenty of other options are available. For instance, aluminium battery has been created by Stanford University. These can charge in short period of time thereby slashing the charging time drastically.

The global market for electric vehicles is also witnessing intensified competition, with several top notch companies spreading the benefits of such vehicles. Few Chinese cities such as Beijing and Shanghai have already announced to transform their taxis into electric vehicles.

In the next 15 years or so India’s passenger car ownership is expected to grow by leap and bounds.This will also change the scenario of how these electric vehicles will be powered. It is up to the auto components manufacturers in India to seize the moment and come up with exclusive ideas to make EV’s a dream come true.

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