Opportunities high for Indian foundries to supply global players, say experts
Industry experts at an exhibition in Coimbatore suggest that Indian foundries have significant potential to become key global suppliers. Companies are encouraged to adopt modern technologies to meet the high quality and delivery standards expected by international manufacturers.
Why it matters
This highlights India's growing role in the global manufacturing supply chain and the sector's efforts to modernize.
Indian manufacturers have huge potential to tap into the global market as more businesses are looking at suppliers and opportunities in India, said Parag Sharma, vice-president of Global Purchasing and Supply Chain, India and Asia Pacific Region, Stellantis.
Speaking in Coimbatore city on Thursday (September 10) at the inaugural of a three-day Inter Foundry and Inter DieCast exhibition organised by the Foundries Development Foundation and VA Exhibitions at the CODISSIA Trade Fair Complex, he said the Indian foundry sector has grown multi-fold in the past two decades.
The expectation of global players from India is also high. Many multinational companies are looking for suppliers and opportunities in India. If foundries invest in modern technologies, the sector will start attracting more personnel, he said.
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