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Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs
By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more
High steel prices hammering growth of Indian forging industry: AIFI
Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more
Auto pouring machine for forging industry of Maharashtra Group of Industries
For foundries the process of pouring molten metal is a key process in holistic process of casting. Read more
Forging industry is poised for a good growth
With lot of forging shops shutting down operations in the developed countries and tier 1 companies closing down their in-house forging operations, India has a huge opportunity to capitalise on.Read more
Glocal forging market
Forging is a manufacturing process wherein a metal is processed through pressing, pounding, and squeezing under high pressure, thereby transforming the metal into the particular size and shape required by customers.Read more
Electric vehicles: Will it lead to job losses in forging industry?
Introduction of electric vehicles is a major gamechanger for the Indian economy. However, Shrabana Mukherjee believes it could lead to job losses in the internal combustion engine manufacturing units (mostly forging, casting and stamping units).Read more
