The growth of the industry should treble in the next ten years to meet the demand, he said at the inaugural function of the two-day 7th National Foundry Conclave here.
It was important for promoting home grown technology by collaborating with institutions like Council of Scientific and Industrial Research and Indian Institute of Science, he said.
C R Swaminathan, past Chairman, CII Southern Region, said the industry should look at ways of creating skilled manpower for the future growth.
The industry should also use information technology to the best to ensure maximum efficiency in production, he said.
The conclave, organised by CII and IIF, is being held once in every two years and over 500 delegates attended it, he said.