Foundry sector set for a growth spurt by 2021

  • | Thursday | 8th November, 2018

From the current production of 11.5 million tonnes per annum, the output is expected to touch 14.5 million tonnes in 2021. “Also, because of the restrictions imposed by the US on imports from China, the Indian foundry scene has a potential to grow. This will make the country the second largest in terms of foundry output. “The foundry sector is expected to actively invest in expansion and modernisation. The event is organised by the Confederation of Indian Industry and the Institute of Indian Foundrymen.“Though the raw material prices were increasing, foundries were able to cope up because they got good orders.

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