Let's have a Glance at Part 1 of Foundries in India followed by Part 2 a brief note on Indian Foundries. Apart from that, let's look deeper into it.

Current Situation of Foundries

Currently, there are over 5000 units of Foundry in India with an installed capacity of nearly 7.5 million tonnes per annum.

The Road Ahead for Indian Foundries

The most popular metal after steel is Aluminium. So, its global consumption is slated to increase to 120 million tonnes by the year 2025. This huge demand will transform the way foundries are operated in India. It will also be safe to say that the future of Indian foundries is Aluminium, given the increasing demand for complex aluminum castings. Many Foundries in India are successful because they put the right process into execution, integrating the best of resources and engineering capabilities. Another value addition that most foundries bring to the table is fully machined, finished products without having to outsource and assemble from various components. Thus, foundries ensure that clients have complete access to full-scale solutions, thereby reducing administrative costs considerably. The patterns manufactured feature a high level of precision and lasting performance and life.  Here are some applications that contribute to the growth of foundries:

Automotive

The success of foundries is directly related to the growth of the automobile industry. In the coming years, the automotive industry will need a greater number of casting foundries than ever before. If the latest statistics are anything to go by, India is placed fourth in the automotive industry.

Fittings & Pipes

The pipe industry is also growing gradually, with more investment coming into this sector. Indian companies are known to produce a range of PVC pipes, cement, steel and lots more. These materials are applicable in several industries. The phenomenal growth of the pipes and fitting industry will ensure the growth of the casting industry. 

Power:

Electrical equipment needs a constant supply of power. With energy demand hitting an all-time high, lot will depend on the manufacturing capabilities of foundries.

To conclude:

With more industrial applications requiring the full technical capabilities of foundries, the growth of foundries will be one success story that will last.