Business
IIF and EEPC at GIFA 2015 to promote “Make in India”
Shri Subhash Chandwhile inaugurating the Indian pavilion remarked, “I wish continued success to efforts being made by IIF and EEPC in strengthening India-Germany relations through participation in prestigious events like GIFA/ METEC/ NEWCAST. The Consulate will provide its wholehearted support in realizing the vision of “Make in India” of our honourable Prime Minister”
Following its participation in this year’s GIFA, METEC, Thermprocess and Newcast in Dusseldorf, Germany, IIF facilitated the visit of its members supported by the Ministry of MSME. The visit was organized under the IIF’s umbrella with the objective to explore the possibility of technology & business partnerships, joint ventures, to get exposure to the best practices, latest technological development in materials/ processes/ equipment/ productive and green environment friendly technology/ automation etc. for them to learn and adopt these in their Indian operations and become globally competitive. Besides over 500 visitors from India that visited the trade fair, several serious business enquiries were generated during the fair and some of these have already been converted into business deals.
IIF provided unique opportunity to the Indian Foundrymen to interact with the industry leaders during “India Day Celebrations and Cast Source Meet” on 18th June, 2015. Leading experts from industry expressed their views on the export opportunities & challenges for the foundry industry and shared their valuable information with the participants on how to become export worthy for those looking for export opportunities. Leading industry experts such as Mr. Staff Henderieckx, Mr. R. V.Gumaste (MD – Kirloskar Ferrous), Mr Copper (Director – Cooper Corpn.) shared their experiences related to the export market and gave their valuable advice to the Foundrymen exploring the new opportunities in those markets.
“We are immensely thankful to all the participants in the India Day celebrations here in Dusseldorf. I am sure that it will be very enriching experience for all the participants and will be great opportunity to break the routine and update themselves with the latest developments in the science of foundry technology, automation, environment friendly process, equipment and new materials in process quality assurance techniques to enable keep pace with the changing business environment across the globe”, said Mr. Vikas Garg, President – IIF
Radical Technology changes have taken place in advanced countries in practically all areas of foundry operations like design and manufacturing pattern, mould and cores making, melting and pouring techniques, application of IT, automation for improved productivity and scaling up of operations, use of Robotics for hazardous operations for safety and process quality assurance. These aspects have a great relevance to the Indian Foundry industry which all needs to be developed to suit Indian conditions and adopted extensively to be globally competitive.
Indian Foundry Industry has seen overwhelming growth in the past few years. With the availability of young and skilled manpower, emerging business environment and focus of the government on “Make in India“ and “Ease of Doing Business”, India is seen as a potential hub for the global companies who are looking forward to set up their manufacturing base abroad. This juncture provided opportunities to both indian and global companies to interact and set up proactive partnerships and compliment the business needs of each other by exploring and forging mutually beneficial alliances. There are new hopes and the Indian economy is growing rapidly outpacing other major economies of the world creating new opportunities for investments in India in the manufacturing sector.
The event concluded successfully on 20th June, 2015 and is expected to generate new business and joint business partnership valued at approx USD 500-600 Million for the Indian foundry industry.