On the sidelines of the National Seminar on Made in India: Foundry Industry – Revitalizing Atmanirbhar Bharat in Defence Production, BigMint sat down with Mr. Sushil Sharma, Vice President of the Institute of Indian Foundrymen and MD of Shamlax Metakim Pvt. Ltd., to discuss the future of India’s casting and foundry sector. 

Key Highlights from the Conversation: 

- Strong Growth Trajectory: The Indian foundry industry, valued at $19.88 billion in 2024, is set to reach $25 billion in FY 2025 and $33 billion by 2033. 

- Global Competitiveness: China remains the largest producer, but India’s cost advantage and the global “China+1” strategy are boosting export inquiries. 

- Challenges from Turkey: Known as the "China of Europe," Turkey remains a formidable competitor, but Indian producers are gaining ground with improved quality. 

- Defense Sector Opportunities: Import substitution potential is significant, especially in high-capacity forging, where India currently lags in infrastructure. 

- Green Steel Transition: Preparing for CBAM compliance by 2026 will require investment in renewable energy, modern melting technologies, and policy support. 

- Policy Advocacy: Addressing GST reversal issues and advocating for state and central incentives for renewable adoption. 

- Market Outlook: Steady raw material prices and an anticipated 10–11% annual growth rate over the coming years.


These and many more queries will get answered at BigMint’s Podcast on “National Seminar on Made in India: Foundry Industry – Revitalizing Atmanirbhar Bharat in Defence Production.”