Download - Issue No. 391, Dt. 09.11
1 Tel: +91 11 29960601, Fax: +91 11 29958028
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Issue No. 391, Dt. 09.11.2021
2 Tel: +91 11 29960601, Fax: +91 11 29958028
Email: [email protected], Web: http://foundryinfo-india.org/
Issue No. 381, dt. 15.06.2021
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ASIAN FOUNDRY SUMMIT The Institute of Indian Foundrymen (IIF) Greater Mumbai Chapter jointly with Metal World are organizing 'Asian Foundry Summit' (Digital Platform) scheduled on 18th November, 2021 to
discuss various aspects of the foundry sector in India and Asia.
Today, foundries are deeply impacted by the raw materials price fluctuations and also by the ever changing market dynamics. Further, there are emerging opportunities which need to be
carefully identified and nurtured. The 'Digitalization' process has to mature enough so that the industry can start getting real benefits from it. Apart from discussing the prime issues facing the industry, the event can also help the individual companies to promote their products, services
and brand across the industry.
The event will be of interest to the foundries, technology and equipment suppliers, raw material suppliers, policy makers, casting buyers, instrumentation companies etc. from the Middle East, India & Asian market.
Conference Program
10:00 AM Inauguration (Mr. Devendra Jain, President-IIF, Ms. Ruma Rao, Chairperson
IIF-GMC) 11:00 AM Panel Discussion - How to Counter Fluctuating Raw Material Prices 12:30 PM Noon Lunch Break
1:30 PM Business Session - Emerging Trends in Foundry Sector 3:30 PM Tea Break
4:00 PM Panel Discussion - Global Markets for Castings 5:30 PM Valedictory Address
6:00 PM End There will be opportunity to Sponsor this event with following benefits:
• Logo on all the promotional material including the conference backdrop
• A presentation slot in the relevant business session • Recording of your presentation. • Conference videos to be uploaded on 'Metalworld's social media handles like YouTube,
Facebook, LinkedIn. • Presentation article and conference report in 'Metalworld's next issue.
• 3 Delegates complimentary.
We trust the above will help you to promote your products and brand in the industry. For any queries, please contact: Mrs. Ruma Rao - Chairperson of IIF GMC – 9833430022, E: [email protected]
Mr. Chandekar - Editor & CEO Metalworld – 9821046737
Registration Form attached
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Email: [email protected], Web: http://foundryinfo-india.org/
Indian Foundry Directory-Cum-
Buyers’ Guide 2021
Opportunities for..
FREE LISTING OF COMPANY PROFILES FOR
- Casting Manufacturers……..
- Equipment/ Machinery Mfgs……..
- Foundry Raw Material Suppliers……..
- Foundry Consultants/Specialists……..
- Pattern/ Die Makers……..
- Casting Buyers……..
Please click on the link given above for your business
category to submit your company profile data via
google form for free listing in the Indian Foundry
Directory 2021.
Important Govt. Notifications/ Orders..
Ministry of Mines
The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2021
Notified New Rules Provide for Sale of 50% of Mineral Produced from Captive Leases
Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral)
Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016
[MCR, 2016]. Extensive amendments have been made in the Mines and Minerals (Development and
Amendment) Act, 1957 (‘MMDR Act’) by the MMDR Amendment Act, 2021 w.e.f. 28.03.2021 read more..
Ministry of Commerce & Industry Time to reduce logistics cost by 5% - Shri Piyush
Goyal The Minister of Commerce and Industry, Consumer
Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said that the inputs given by Logistics Ease Across Different States Report
2021 can lead the way to bring down logistics cost by 5% over the next 5 years. He was addressing
the gathering after the release of the LEADS Report in New Delhi today. Shri Piyush Goyal said that India is committed to build modern infrastructure
for the 21st century, at a pace never seen before. Referring to the recently launched PM GatiShakti Master Plan ,he said that it would revolutionise the
next generation of multimodal infrastructure development in the country read more..
Ministry of Finance Department of Revenue
Central Board of Indirect Taxes And Customs Notification No.90 /2021 - Customs (N.T.)
Dt. 03.11.2021 Exchange rates Notification No.90/2021-Cus (NT) dated 03.11.2021 read more..
Ministry of Commerce and Industry Department of Commerce
Directorate General of Foreign Trade Trade Notice No. 22/2021-22, dt. 02.11.2021
Last Date for filling claim at the Online IT module for Scrip based Schemes MEIS/SEIS/ROSL/ROSCTL read more..
INDUSTRY NEWS..
Maruti Suzuki to finalise plans for new
Haryana unit by December Car market leader Maruti Suzuki India Ltd (MSIL)
will go ahead and finalise plans to set up of a Rs
18,000 crore new manufacturing facility in
Haryana before the end of this calendar year with
the state government reducing the gross salary cap to Rs 30,000 per month in its 75 per cent job
reservation policy for locals, company chairman RC Bhargava said on Monday read more..
'Maruti Suzuki India keeping close watch on commodities' price movement to fix vehicle
prices' The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of
commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed
on the impact to consumers, according to a senior company official. The company is hoping for a
softening of commodity prices, which also move cycle, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure
for any OEM read more..
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INDUSTRY NEWS contd..
FinMin reforms public procurement to fast-
track projects, help MSMEs The finance ministry has initiated reforms in public
procurement and project management to execute projects and provide payments to the micro, small and medium enterprises (MSMEs) on time.
Finance secretary on Friday released revised guidelines, which outline innovative rules for this.
The guidelines permit alternative methods for selection of contractors, which can improve speed and efficiency in execution of projects read more..
TVS in talks to raise up to $500 million for
EV subsidiary TVS Motor, India's third largest two-wheeler maker, is in talks with a clutch of global private
equity investors to raise $300-500 million (Rs 2,220-3,700 crore) for its electric vehicle
subsidiary at a valuation of $3.5-4 billion, three people aware of the matter said. In the second half of October, TVS had carved out a subsidiary
for electric vehicles, reasoning that read more.. Soaring commodity prices severely
impacting MSMEs price margins Industry chamber PHDCCI on Wednesday said
skyrocketing commodity prices are severely impacting the price cost margins of businesses, especially MSMEs, observing that the RBI has a
crucial role to play in balancing inflation and maintaining currency stability. The assertion is a
part of the chamber's five suggestions outlining the focus areas for RBI Governor read more..
MAJOR RAW MATERIAL PRICES
ITEMS
Price 29.10.2021
Rs./Kg (Basic Price Excl. GST)
Price 05.11.2021
Rs./Kg (Basic Price Excl. GST)
Pig Iron (Mum) 50.0 49.0
Melting Steel (Mum) 48.4 48.6
CRCA Scrap 48.0 48.6
Copper Ingot 748 746
Aluminum Ingot 226 224
NATIONAL & INTERNATIONAL EVENTS..
Event Name: 70th Indian Foundry Congress Dates: 11-13, Feb 2022 Location: GANDHINAGAR
Web: https://www.ifcindia2022.com/
Event Name: CastExpo 2022
Dates: 23-26 April 2022 COLUMBUS, OHIO
Web: HTTPS://WWW.AFSINC.ORG/TRADESHOWS/CASTEXPO-2022
Event Name: GIFA Southeast Asia
Dates: 5-7 October, 2022 Location: THAILAND Web: https://www.gifa-southeastasia.com/
Event Name: GIFA Dates: 12 - 16 JUNE 2023 DÜSSELDORF, GERMANY
Web: HTTPS://WWW.GIFA.COM/
Disclaimer: Although every care has been taken to ensure that information provided is correct, The Institute of Indian Foundrymen
will not be responsible for any error or omission and it does not
necessarily represent official opinion of the Institute of Indian
Foundrymen.
GOVT SCHEMES..
CREDIT GUARANTEE FUND SCHEME FOR
MICRO AND SMALL ENTERPRISES Description - Ministry of Micro, Small and Medium
Enterprises and Small Industries Development Bank of India (SIDBI) jointly established a Trust
named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee Scheme for Micro and Small
Enterprises. The corpus of CGTMSE is contributed by Government of India and SIDBI. 75% of the loan amount to the bank is guaranteed by the Trust
Fund.
For more info Click Here