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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