Vision Plan 2020 for the Foundry Industry in India

The Indian foundry industry is a major feeder to various sectors, among which the automobile sector accounts for the largest share. See Full Report: https://goo.gl/HpZ9Uu

Dec 18, 2017: Aarkstore announces the publication of its Research Report “Vision Plan 2020 for the Foundry Industry in India”

Foundry Market in India 2017 highlights the overall growth potential of foundry market in India. Increasing production of light vehicles worldwide is acting as a key growth driver for the global foundry market. The Indian foundry industry is a major feeder to various sectors, among which the automobile sector accounts for the largest share. India is the second largest manufacturer of metal castings globally in terms of production volume, after China, producing various metals such as grey iron, ductile iron, steel and aluminum alloys for various applications.

India currently has over 4,500 foundries in the small, medium and largescale sectors with around 1500 units having international quality accreditation.
Medium capacity utilization and high input costs of the foundry industry are the basic challenges that are affecting its growth adversely. However, India has witnessed a steep rise in export of casting products during 2013 to 2016.

The figures are expected to rise further with the launch of Vision Plan 2020 for the foundry industry, initiated by The Institute of Indian Foundrymen (IIF) to recommend the needed initiatives for strong growth and help India emerge as a leading supplier of quality castings to the global market by 2020.

BROWSE ADDITIONAL INFORMATION AND TABLE OF CONTENTS @ http://www.aarkstore.com/manufacturing/566081/foundry-market-in-india-2017

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Contact Details

Company Name: Aarkstore Enterprise
Issued By: Bella Harris
Phone: +91 9987295242
Address: R,3080 Towne Dr Carmel, IN 46032
City: Carmel
State: Indiana
Zip: 432001
Country: United States
Website: Visit the website

Keywords : Foundry Market, Foundry Industry Market, Business Services Market Research Report, Global Market Research Reports,

by Bella Harris (few months ago!)

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