next 10 to 15 years, investments on acquisitions in the aerospace and defense sector will be made in India. Growth potential of the industry should attract OEMs in this sector to setup facilities.
Currently all investment casting foundries producing castings related to aerospace, defense and nuclear power are state-owned. The government is increasing defense budget and has undertaken several projects in line with the make in India campaign. However, very slow and time-consuming tender processes may hinder the entry of private players. Indian produced investment castings serving aerospace, defense and nuclear power sectors together is about 5% of the total investment castings produced in India.
1. Commercial casting sales remain extremely competitive and it is hoped that growth levels can be maintained.
2. Indian investment casting industry with a consensus forecast for 2018 reflects a modest growth of estimated 3%.
3. 2017 investment casting automotive sales have increased.
Member Benefits
PRODUCTION CONTROL SOFTWARE
DESKTOP | CLOUD | APP MONTHLY STATISTICS SURVEY
The Institute offers a Monthly Statistics program dealing with sales, bookings, tooling sales and sales per employee. The survey tracks gross casting sales, casting returns, number of quotes issued, casting bookings, number of new tools ordered, number of tools transferred, tooling bookings and sales per total equivalent employees.
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www.investmentcasting.org
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www.synchroerp.com January 2018 ❘ 21
4. The Indian aerospace & defense industry is on the path of becoming self-reliant. Opportunities, investments in defense and aerospace manufacturing are now on the rise.
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