 "Foundry image via Shutterstock.")
MSR India Limited is foraying to forging & extrusion segment to cater to the growing demand for these products in the aerospace & defence industry. For this purpose, the company recently imported 2000T cold forging machine from Europe for extrusion & forging purposes.
“Indian forging & extrusion market is growing at rapid pace. MSR India Limited has set up an in-house R&D facility to overcome the technological constraints and to become industry leader in the segment. Government of India has been encouraging Make in India concept and has been giving huge benefits to companies especially defence & aerospace. Taking a cue from that we have also entered into forging & extrusion sector,” said MSR India in a press release.
MSR will produce special purpose components for aerospace & defence industry with the help of the 2000T cold forging machine. The company expects to rake in huge revenue from the new venture, which is also aimed at tapping opportunities in other sectors such as automotive, electrical applications, consumer products and agricultural equipment.
