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A Project Report on Study on Foundry Industry Belgaum

A Project Report on Study on Foundry Industry Belgaum

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A Project Report on Study on Foundry Industry Belgaum
A Project Report on Study on Foundry Industry Belgaum

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Published by: Babasab Patil (Karrisatte) on Jul 25, 2012
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06/26/2013

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Slno. Content Page no.
1. Overview of Foundry Industry 22. An introduction to Sujay Enterprise 73. Foundry Industry Process 94. Facilities available with Sujay Enterprises 105. Clients OF Sujay Enterprises 166. Background of the Entrepreneur 187. Entrepreneurial Competencies 218. Milestones of Mr. Chandrashekhar Iti 2410. Project Formulation 2611. Financing of Enterprises 3312. Establishing the Enterprise 3713. Future plans of Sujay Enterprises 3914. Role of Entrepreneurshipin Economic Development 4015. Recurring problems of Entrepreneurship 4116. Dairy Farming 44
 
Study on Foundry Industry, Belgaum
Overview of Foundry Industry
The Indian Foundry Industry occupies a special place in shaping the country’s economy. India iscurrently among the 10 largest producers of ferrous and non-ferrous castings and has over 6500foundries in the small, medium, and large scale sectors. And is the fifth largest producer in termsof total casting production in the world, after US, China, Russia, and Germany. Approximately90% are in the small scale. India exports annually above Rs.700/- crores worth of castings tocountries like USA, U.K., Canada, Germany etc.
Foundry Industry in figures
Production
Grey Iron castingsSteel castingsMalleable ans SG Ironnon ferrous castings
3 millions
tonnes
2.36
 
million
tonnes
400 000
tonnes
268 000
tonnes
20 000
tonnes
5th
producer in the world
Number of plants5000
(estimated)
500
medium to large scale
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Study on Foundry Industry, Belgaum
Modernisation:
Basic technologies have not undergone much change but the emphasis has changed. The world has become more environmentally conscious and technologies have to conform to more and morestringent environment norms.
 
The U.S. foundry population has declined by about one-third over the last 20 years largely due to the cost of legislative compliance. This has given the Indian producers a good opportunity for export market. But then a reemergence in the developed worldwould be with cleaner technology. A study conducted by EXIM bank has shown that in the last 10years the exports of castings from India have increased seven-fold.However, there is a still lot need to be done. Even with these improvements the export of castingsfrom India amounted to only one percent of the world requirement. In the near future there will beample scope for the Indian foundry Industry to forge strategic alliances with their counterparts inthe developed countries which are on the verge of closure primarily due to three major reasons:waste disposal and highly stringent pollution control regulations, high manpower costs, and acuteshortage of trained personnel to work in foundries. This is where Indian foundries can make their  presence felt in the international market by approaching foreign foundries to source castings fromIndia at more economical prices and thus enhance their market share. In order to do this, Indianfoundries have to equip themselves with the latest technologies such as Automation, CastingSimulation etc. Indian foundry industries can not afford to ignore environmental implicationswhich will also become stringent in terms of implementation of compliance.
 
The industries alsohave to strive to adopt ecofriendly technologies.With the Indian government taking the path of de-regulation, open economy & globalization, manynew green field foundries were set up, with modern equipment like High pressure moldingtechnology, automatic sand plant and latest in NDT like spectrometer, magnetic particle testing,ultrasonic & X-ray examination.
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