India: To double the volume in the next five years a lot of efforts and investments are necessary

(PresseBox) (Füssen, ) India`s metal casters face IFEX 2016:

See the latest statements of IIF President K. Samaraj and Subodh Panchal, Kastwel Industries

1. Mr. Subodh, you are the best recommended organizer of exhibitions and congresses in India, what can we expect from IFEX 2o16 in Coimbatore?

Even in the acute Industrial recession, IFEX 2016 is going to be the largest so far with the area booked about 20,000 sq.mts and 280 exhibitors (including 64 foreign companies). Coimbatore is a growth centre with state of the art engineering and foundry units. The event will boost confidence of the technocrats.

2. Last Gifa 2015, we discussed subjects like foundry 4.0, 3D printing or energy saving, how is India effected by those key words ?

Foundry 4.0
In India, couple of foundry groups are preparing to make their units as “smart foundries” in next couple of years. These foundries are catering critical castings mainly to automobile sector.

3D Printing:
This is relevant to the present need of Indian foundries. Awareness about its advantages and utility is rapidly increasing among foundrymen. Its applications will multiply in years to come, particularly in few Odd jobs, & Tooling.

Energy Saving:
This is most vital. During last several decades, Indian foundries have already adopted new land marks in energy saving. Even then there is huge scope for reducing energy consumption further in metal casting. Major focus points would be: yield improvement, reducing rejection to very low levels, more efficient melting (charge density, power density, close chemistry control, control of emission losses), near net shape production of castings, even 3D printing will also save energy. Reduced machining allowances will save not only melting energy by reduced castings weight, but also need less energy in machining.

Many more avenues can be added to save energy in entire foundry operation.

3. Can you tell us about the investment climate in India. What do you think is priority and how does the governmental support work ?

Investment Climate :
On 16th January, 2016 (yesterday), Prime Minister, Mr.Narendra Modi announced the “Start Up” policy giving benefits like three years tax holidays, single window clearance, No Govt. inspection for three years and more.

India will be the third largest country after USA and UK for “Start Up” policy. A huge fund of Rs._100 Billion is allotted . This shows the serious intension of the Govt. to invite foreign innovations and investments to support “make in India” theme successful.

4. Honest preview : What is your forecast for the next 5 years in India’s foundry industry ?

With the support and policy to develop infrastructure and to increase manufacturing activities, foundry sector is expected to double the volume in next five years.

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