Make-in-India initiative seen as growth driver for foundries

The Indian foundry industry expects $3 billion of investment in another 10 years to meet the potential demand of 30 MT of castings.

  1. Currently, the installed capacity is 15 MT and annual production is 10 MT.
  2. India is the 3rd largest producer of castings globally and almost 60% of the casting is consumed by automobile sector.
  3. There are indications of revival in the automobile sector and new opportunities in defence procurement.
  4. The Indian foundries have sought anti-dumping duty on some castings imported from China.
Make in India: Challenges & Prospects
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