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Make import of key raw materials duty-free for foundry sector

Set up a technology upgradation fund of foundry industry for green & productive technology

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<a href="http://www.shutterstock.com/pic-233297152/stock-photo-metal-casting.html?src=Y1gK8pFYSv9i8g_DQD5kYA-1-12" target="_blank">Foundry</a> image via Shutterstock.

Anil Vaswani

Last Updated : Jan 19 2017 | 4:37 PM IST

Indian foundry sector is the feeder industry to the manufacturing sector as it supports sectors like auto, auto components, railways, electric, cement etc which are the major contributors to India’s GDP.

The Indian foundry industry is third largest globally with revenue at $ 18 billion & exports of approximately $ 2.7 billion. It employs directly & indirectly 2 million. Over last years, Indian foundry industry gradually rose from number fifth to second largest producer of castings globally.

The Government of India is taking several steps to promote Make in India, skill development and ease of doing business. To support Make in India,

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