4NOVEMBER 2024Where Metal Meets Mastery In the past couple of years, the casting manufacturing industry in India has grown in leaps and bounds and has become one of the most important segments in India's manufacturing landscape. Currently, India is among the top three global producers of castings backed by its robust foundry sector. Growth of the industry is fuelled by rising demand from major sectors such as automotive, infrastructure, agriculture, aerospace, and renewable energy. However, the automotive industry still accounts for more the majority of the total demand for castings. Apart from the increased demand for lightweight, high strength components, casting manufacturers are seeing increased demand because of rise of electric vehicles (EVs) and government's push towards `Make in India.' In addition, cast iron and steel castings, necessary for heavy machinery and construction equipment, have been driven by the demand for infrastructure projects, such as road construction, railways and smart city developments.The advent of technology and increasing use of automation and digital tools have greatly contributed to the increase in production capabilities and consequent increase in product quality and cost efficiency. The growth of the industry is also due to innovations in materials such as the development of new alloy composition and use of recycled metals to satisfy the sustainability concerns and meet stringent quality. The production linked incentive (PLI) scheme by the Indian government, as well as the push to source locally, has further boosted the expansion of casting manufacturers. The industry has seen steady increases in export volumes, particularly to the United States and Europe. In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner. We welcome your feedbacks and suggestion that you may have concerning this special issue. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 5 · Issue 5 - 11 · NOVEMBER, 2024Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorDarshan kAssistant Editor Roshan AktharEditorial Team GM - Media & GraphicDesigning VisualizerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer Aruna Kumari KSuanya Chakraborty Advertising QueriesPrajnya Paramita BholVidyashri Patil Jaya Arora GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2024 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Thiruamuthan T KViswanathan A
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