Forging India's Metal Future

The metal foundry products market in India continues to expand at a fast pace due to various reasons inclusive of infrastructural growths as well as industrializations. India has a large population and with growth in economy and government promoting manufacturing through ‘Make in India’, the demand for metal foundry products has increased drastically. Some of the factors that have contributed to this growth include the level of urbanization and industrialization in the country. This argument is evident due to the increased demand arising from the growth of cities and increased infrastructural development projects where metals are used widely. This has also led to increased construction and infrastructure development projects and as a result there is a market for metal foundry products.

In addition, another field that relies heavily on metal foundry products is the automotive industry in India. People’s disposable income has increased and there is a growth in middle class hence there is a growing market for cars, both private and commercial. This, in turn, increases the need for metal parts used in production of vehicles, in turn leading to the growth of metal foundry products market. In addition, the current government of India has been encouraging renewable energy and thus the focus on initiatives such as solar energy and wind power has also boosted the growth of the metal foundry products market. Items like turbines, solar frames, and other apparatuses that are involved require metal foundry products and hence open up more opportunities for the market.

In the current issue, we introduce you to the top companies in this sector. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.