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Indian foundry sector likely to grow by 13 to 14pct in two years-The 20th China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
11/13/2018 压铸展-铸造展- Die-casting expo-foundry expo |
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Economic Times reported that the foundry sector in the country is expected to witness an annual growth of 13-14 per cent from the present five-seven per cent. Chairman of the city chapter of Institute of Indian Foundrymen G Ezhil said that this would see production of castings increase from 11.5 million tonnes to 14-15 million tonnes by 2021 and was set to reach 20 million tonnes by 2025.
He said that the demand for foundry products was increasing owing to its quality, and the industry was the second largest producer of castings in the world after China.
Apart from this, the opportunities coming from the defence, railways and the automobile sectors would boost the demand, he said.
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