India Foundry Industry Growth: Leap of Indian foundry industry! Electronics, renewable energy increase in casting demand

• India’s strength is growing in the field of casting
• 4,500 units, $20 billion turnover
• Global demand for Indian casting increased

India Foundry Industry Growth: India’s foundry industry, the second largest casting producer in the world, is expanding rapidly and is projected to grow from USD 23.6 billion in 2024 to USD 42.5 billion by 2029. The industry will grow at a compound annual growth rate (CAGR) of around 9.4%, says the report ‘India Foundry 360° Insight 2025–2047’. The report was presented by the Indian Foundry Congress of India (IFCI) on the sidelines of the 74th Indian Foundry Congress (IFC) and Indian Foundry Exhibition (IFEX) 2026 to be held from February 12 to 14 at Nesco Exhibition Centre, Mumbai.

IFEX is the premier trade fair for the foundry industry held annually since 2005. India Exposition
Organized by MART Limited, this event is held in various cities of the country. In association with Indian Foundry Congress
Being organized provides an important platform for networking, knowledge exchange and business development.

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According to the report, India’s foundry industry by 2047 in long-term forecast by Global Market Insights USD
169 billion and ranks among the top three markets globally. Currently, India produces about 12 million tonnes of castings annually, which is about 11% of the global production. There are about 4,500 foundry units in the country out of which 85% are small scale industries, 10% are medium scale industries and 5% are large scale industries.
are The turnover of the industry is about USD 20 billion and exports are USD 3.54 billion. Major in Exports
Markets are US (27.8%), Germany (7.5%) and UK (6.4%). About 5 lakh people directly in this area
Employment Indirect employment is available to 15 lakhs.

Ferrous castings dominate the product category with a share of 83.8%, while non-ferrous castings account for 16.2%.
is Aluminum accounts for 63.4% of it and is used in automobiles, electric vehicles, electronics and
Growing demand in the renewable energy sector is expected to grow at a CAGR of 11.2%. ‘Make in India’, PLI
plan, Industry 4.0 mission as well as robotics, IoT, AI-based design, 3D printing and advanced furnaces
Technologies like these are driving the industry towards high-value manufacturing.

A detailed picture of the industry’s future opportunities at IFC and IFEX 2026 to be held from February 12 to 14
will be presented. The first day will see the formal unveiling of the ‘Bharat Foundry 360° Insight 2025–2047’ report.
is In this event, companies from home and abroad will present advanced technologies, solutions and services as well as technologies
Transfer and business cooperation will be boosted.

Sushil Sharma, Chairman, IIF 2025-26 said, “IFEX 2026 is not just an exhibition but a platform for technology, policy and
There is a confluence of market opportunities. India’s foundry industry is growing at a CAGR of more than 9% to USD by 2047
It is estimated to reach 169 billion. This platform will bring the next generation of Indian and global industries
Adoption of technology will help make India a global foundry leader.”

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Amish Panchal, Chairman and Past President of the 74th IFC Organizing Committee said, “Indian Foundry Congress is
It is an important forum for knowledge exchange, innovation and collaboration. To industry leaders, experts and researchers
Bringing together new trends, discussions on sustainability and global competitiveness.” IFEX 2026 President and Past President Subodh Panchal said, “IFEX 2026 will showcase cutting-edge technology, advanced machinery and industry-defining solutions. Connecting manufacturers, suppliers and global stakeholders will drive business and technological progress and strengthen India’s position as a competitive foundry hub.”

IFEX 2026 and the 74th edition of IFEX 2026 and the 74th edition of IFEX will be held on the back of strong domestic demand, rising exports and a clear outlook for modernization.
INDIAN FOUNDRY CONGRESS India as a global center for high-quality, sustainable and technologically advanced castings
So will strengthen.