Home > News > West Bengal News
Posted on Jan 28, 11:15AM | IBNS
Kolkata is playing host to the 61st Indian Foundry Congress, organised by The Institute of Indian Foundrymen, from Jan 27 to 29, with an aim of helping East India to forge a strong industry in metal casting.
Globally, India is ranked second in casting production, but its share in the global market is below 2 percent and foundrymen must build 'Brand India' by offering the right product mix, quality and price in order to reach out to the world, the organisers said.
The congregation at Kolkata will help Eastern India take up the challenge to set up new foundries and ensure the industry emerges strong in India again, they said.
The conference will have two concurrent events - IFEX 2013 and Cast India Expo. The 61st IFC will be inaugurated by West Bengal Industries and IT Minister Partha Chatterjee and Trinamool Congress (TMC) MP Saugata Roy along with Managing Director - Mjunction Services Viresh Oberoi.
The Indian foundry industry produces 9.9 million MT cast components as per various specifications - which is the third largest globally according to the 46th World Casting Census-2011 (marginally behind USA), and the established revenue is 12.5 bn USD, exports stand at 2 bn USD, the organisers said.
The industry also provides employment to 2 million people directly and indirectly. The foundry sector has the vital role of supporting the manufacturing sector, and the industry is mainly driven by domestic demand. The government tentatively plans to invest 1 trillion USD in the 12th Plan in Infrastructure and Power, which will be a major boost for the sector.
The conference aims to give the opportunity to meet buyers of casting from various fields and different countries, as well as the opportunity to meet foundry owners from all over India, and budding entrepreneurs of the East who are forging ahead to bring about the foundry revolution.
It will be a platform for interaction with international delegates and learning their technology.
The IFEX 2013 and Cast India Expo, to be held at Salt Lake Stadium, will have 200 stalls by companies from India and abroad, showcasing their technologies and products, as well as delegates from China (which has the largest global share in foundry production), Germany, Italy and Japan which are major hubs of the foundry industry.