Search

Growth Opportunities

The forging industry is a major contributor to the manufacturing sector in India. The installed capacity of the Indian forging industry during 2012-13 was 3.8 million metric tonne (mmt) against which total production was 2.1 mmt. The production fell to 2 mmt in 2013-14 and is expected to increase marginally to 2.3 mmt during the current year

The Long-term Perspective

The worst is over. That is the opinion of most OEMs regarding the market slowdown. Rather than staying concerned about the difficulties caused by the slowdown, now the equipment players are working towards gaining the mid and long-term opportunities. In any case,the slowdown was considered just a passing phase and everyone knew that the opportunities beckoned

Digital Edition