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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