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Foundry Informatics Centre, 67 Tughlakab Tel: +91 11 29960601, Email: fic@indianfo / THE INSTITUT THE INSTITUT THE INSTITUT THE INSTITUT Issue N 65 To watch the promo video, ple Members now c data online. Pl http://foundryinfo-india.org http://www.fomet.com/ http://www.porwalauto.co http://www.gargi-india.co http://inductothermindia.com bad Institutional Area, New Delhi – 110062 oundry.org, Web: http://foundryinfo-india.org/ TE OF INDIAN FOUN TE OF INDIAN FOUN TE OF INDIAN FOUN TE OF INDIAN FOUN No. 194, Dated 30 th August, 201 Bulletin Supported By:- 5th IFC & IFEX 2017 - Kolkata ease click on : https://www.youtube.com/watch?v can update their m lease visit the follo g/iif_form.aspx om/ https://www.thermofisher.com http://www.kiswok.co om/ http://www.ehp.de http://www.foracepoly / Page 1 NDRYMEN NDRYMEN NDRYMEN NDRYMEN 16 v=WqQFQS4qFDc membership owing link om/ http://www.disagroup.com http://www.vivegha.com/ ymers.net/

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Foundry Informatics Centre, 67 TughlakabaTel: +91 11 29960601, Email: fic@indianfo

/

THE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMEN

Issue No. 1

65th IFC & IFEX 2017

To watch the promo video, please click on

Members now can update their membership data online. Please visit the following link

http://foundryinfo-india.org/iif_form.aspx

http://www.fomet.com/

http://www.porwalauto.com/

http://www.gargi-india.com/

http://inductothermindia.com

abad Institutional Area, New Delhi – 110062 foundry.org, Web: http://foundryinfo-india.org/

THE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMEN

Issue No. 194, Dated 30th August, 2016

Bulletin Supported By:-

65th IFC & IFEX 2017 - Kolkata

To watch the promo video, please click on : https://www.youtube.com/watch?v=WqQFQS4qFDc

Members now can update their membership data online. Please visit the following link

india.org/iif_form.aspx

http://www.porwalauto.com/ https://www.thermofisher.com http://www.kiswok.com/

india.com/ http://www.ehp.de http://www.foracepolymers.net/

g/

Page 1

THE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMENTHE INSTITUTE OF INDIAN FOUNDRYMEN

, 2016

https://www.youtube.com/watch?v=WqQFQS4qFDc

Members now can update their membership data online. Please visit the following link

http://www.kiswok.com/ http://www.disagroup.com

http://www.vivegha.com/ http://www.foracepolymers.net/

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 2

Meeting With DIPP - Reg Tax Proposals for Union Budget 2017-18 Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry has invited IIF for a meeting to discuss tax proposals for union budget 2017-18. You are requested to send your valuable specific suggestions on taxes & duties in the attached format by 10-9-2016 at email [email protected] giving justification & impact on other stakeholders to enable us to compile & submit for their consideration & further perusal. IIF In-plant Training Programme "Yogyata Vikas" Continuous training & skill development of employees is the key to success for any business. Training presents a prime opportunity to expand the knowledge base of your employees and allows you to strengthen those skills that each employee needs to attain a higher level of performance, better work safety practices and productivity & quality improvements. The Institute of Indian Foundrymen (IIF) has been continuously striving to promote skill development in foundry sector. In one of its such key initiatives, IIF has launched the “In plant training programme- YOGYATA VIKAS” in Aug, 2016 at Hinduja Foundries, Coimbatore. Given below are the salient points of this training programme:- • In plant (door-step) training for foundry

workmen conducted in 8 Indian languages (English, Tamil, Telugu, Bengali, Hindi, Marathi, Gujarati, Kannada).

• Training will be conducted at the Foundries • Training dates are flexible at the

convenience of Foundries. • Trainers are experts from Foundry industry

and fluent in respective native languages • 10 Modules are prepared from Basic topics

and even slides are translated in 7 Indian languages

• For IIF Members, Training Fee is Rs 10,000/- per day plus service tax. (Rs 11,500/- inclusive of service tax) & for Non-Members,

Training Fee is Rs 15,000/- per day plus service tax. (Rs 17,250/- inclusive of service tax)

• Expenses towards trainer’s 2nd class A/C train/air travel fare (for outstation trainer), local conveyance, boarding & lodging will be borne by the foundry.

• Facilities and arrangements required for training to be provided by the foundry.

• Batch size of workmen per programme - 25 Max.

Training modules available for In-Plant Training are given below:- 1. Basic Metallurgy of Grey & SG Iron 2. Basic Metallurgy of Steel Castings 3. Casting Defects in Grey Iron, SG Iron and their Remedies 4. Casting Defects in Steel Castings and their Remedies 5. No-bake Resin, CO2 Sand System and Coatings 6. Melting Grey Iron, SG Iron & Steel in Cupola and Induction Furnace 7. Sand Quality & Testing 8. Cupola and its Operation 9. Mould-making Processes 10. Pattern-making and Methoding of Castings Foundries are encouraged to come forward and take maximum advantage of this initiative of IIF. Please feel free to contact Mr. Basant Kumar, Asst. Director, IIF Mob No. +91 8377923104 for any clarifications. New additive concepts for coating free casting

INTRODUCTION The steady ongoing development of greater casting efficiency practices has stretched even the most advanced foundries to their limits. The individuals and systems involved are particularly bearing increasingly difficult demands – light weight construction, complex casting and core designs, and ever- shorter delivery lead times. This situation accentuates the natural effect of growing competition within manufacturing based industries. Foundries must learn to compete economically against international

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 3

corporations wielding regional cost advantages such as labour and energy. Furthermore, the situation is compounded by the growing demand within the market for exceptionally high quality castings albeit at the lowest possible price. Growing environmental awareness alongside increasingly stricter legal regulations – governing environmental compatibility of production and the materials used-has complicated matters further. Now, foundries and their suppliers have had to develop in tandem new systems adhering to the latest regulations. This, however, can only succeed given the right set of circumstances. A prevailing positive infrastructure, for one, must be in place and with a certain degree of flexible automation. One must also have efficient suppliers, as well as a highly skilled and motivated workforce. In situations where a foundry is unable to compete on grounds of reduced labour and energy costs the focus has turned to greater process efficiency and the utilisation of advanced materials/inputs. When achieved a foundry can expect faster production times alongside reduced scrap and rework. USE OF ADDITIVES Historically, the use of additives has been underestimated with regards to their ability to effectively reduce certain casting defects like veining and metallisation. In order to maintain a large production supply foundries elected to remedy these problems via increased labour initiatives (i.e. cost intensive measures). The underlining goal was to keep production high and at ‘acceptable’ limits. The most widely known countermeasures were:

• The use of expensive special sands

• The use of special coatings

• The increase in the coating layer

thickness( e.g. double coating)

• Modifications to the gating system

• Constructive casting modification

• Alternation of the core/mould making

process

ENGINEERED SAND ADDITIVES In the vast majority of cases, relatively few changes have been made to the countermeasures previously listed, even in later years. Rather, these processes have become the prevailing proven methods to draw upon in such situations. The effectiveness of these later countermeasures aside, newer, less cost intensive, options are becoming available. In recent years, new engineered sand additives’ have been shown to increasingly reduce material costs by replacing expensive special sands such as chromite, fireclay, and feldspar. Furthermore, they are proving to correct certain process fluctuations in the foundry industry. Today, they are becoming an integral part of mould and core making. COATING –FREE CASTING In the area of cold box production, coating –free casting offers arguably the greatest opportunity to increase productivity while guaranteeing a high –quality casting. The term, ‘coating-free casting’ is understood as being a moulding process where the mould material system comprising of an additive and blinder achieves the desired casting surface quality- without the use of a coating. Coating-free casting provides a foundry with the ability to reduce its material costs (e.g. additive and coating costs). In addition, money can also be saved in relation to periphery investments (e.g. stoving systems, coating pans, etc.). However, the primary argument for adopting coating –free practice is the savings garnered via newly acquired process efficiencies. The coating process, for example, will see reductions/eliminations within drying- time and labour. Consequentially, the elimination of the drying step will ultimately reduce energy costs. Complementary benefits also exist. Foundries using an alcohol coating system pose a particular risk to occupational safety. Therefore, removing the risk factor helps significantly improve health and safety in the workplace. While coatings do contribute substantially to good casting quality, they also represent a possible source of defects in the process chain, which must always be factored in with problems

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 4

in production and their solutions. Switching to uncoated casting can eliminate this source of defects. This enables coating-specific casting defects such as gas defects, scabbing or inclusions to be prevented. CONCLUSION In recent years, great efforts have been made in close collaboration with certain foundries to avoid the coating process as far as possible. With various ductile iron castings, this goal has already been successfully realised using additives. Continually increasing demands on productivity and efficiency with the same or improved quality are ever-present in the foundry industry. We can assume that the demands placed on both the foundry industry and the supply sector will also become more exacting in the future. With the new additives foundries can now meet the said requirements by: • Significantly reducing casting defects that

necessitate reworking or produce scrap.

• Lowering the special sand share in some

cases.

• Enabling parts to be cast uncoated

News Headlines

• India Containerized Shredded Scrap import prices slightly up

• India may adjust up imports duties on aluminum products for September

• US Shredded Scrap prices plunge; Aluminum Scrap prices stay unchanged

• Iron ore slide continues Globally • Few deals in Chinese magnesium ingot

export market • Taiwan Containerized Scrap import prices

rise above $200 a ton • Chinese bismuth ingot prices move up • LME Copper likely to under-perform SHFE

Copper this week • Italian scrap merchants seek September

price increase • Export sales boosting US domestic scrap

sentiment

Approx Major Raw Material

Prices

ITEMS

Price

21.08.2016

Rs./Kg (Incl.

Excise)

Price

28.08.2016

Rs./Kg (Incl.

Excise)

Pig Iron 26.9 26.9 Melting Steel Scrap 19.0 19.5

CRCA Scrap 24.0 24.2

Copper Ingot 375 374

Aluminum Ingot 140 141

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 5

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 6

In the News

Electrosteel Castings reports 86% rise in

profit for June quarter

Electrosteel Castings Ltd (ECL), a leading manufacturer of ductile iron (DI) pipes, fittings and cast iron pipes, has reported an 86% rise in net profit to Rs 10.06 crore during the quarter ended June 30, 2016 against a net profit of Rs 5.4 crore in the previous corresponding period. The company's total income for the quarter under review, however, dropped to Rs 420.90 crore against Rs 479.03 crore. ECL's earnings before interest, taxes, depreciation and amortization (EBITDA) showed an increase of 24% during the quarter at Rs 77.50 crore against Rs 62.50 crore. The EBITDA margins for the period showed improvement on account of reduction in material cost and increased operational efficiencies. The ECL scrip was trading at Rs 23.55 on the BSE on Monday down 0.63% from its previous close of Rs 23.70. In a statement issued on Monday, the company said it has received part compensation amounting to Rs 73.20 crore on account of de-allocation of a coal mine. Make scrapping of old heavy vehicles

compulsory: Finance Ministry

The finance ministry wants the proposed vehicle fleet modernisation policy for heavy vehicles that are more than 15 years to be made mandatory. It has also suggested to the road transport & highways ministry that instead of excise duty relief, financial benefit for mandatory scrapping of old and polluting vehicles be provided via the budget. "The finance minister has asked me to make scrapping of old heavy vehicles mandatory instead of keeping it voluntary. The minister is also in favour of providing financial benefits to people for scrapping vehicles," road transport and highways minister Nitin Gadkari told ET. Gadkari on Wednesday met finance minister Arun Jaitley to push for excise duty relief under the policy.

"The minister was not in favour of excise duty exemption but said he could make financial incentives part of his budget proposal. We will now rework the draft proposal as per his suggestions," Gadkari said. The draft currently proposes three incentives for cars scrapped - half the regular excise duty at time of purchase of new car, fair value for scrap and discounts from automobile manufacturers. These incentives are likely to reduce cost of a new vehicle for the buyer 15% on average. Under the proposed policy, vehicles bought before April 2005 or those below BS IV emission standards will be eligible for incentives if replaced. Government estimates the programme may help replace 28 million vehicles with less polluting ones. "Reduction in oil consumption by new vehicles will help save nearly `7,000 crore in oil import," said a concept note on the policy floated by transport ministry. The policy recommends complete excise exemption for state transport buses to encourage public transport to shift to newer and higher capacity buses. Those opting for voluntary vehicle fleet modernisation will have to deposit vehicle documents at the recycling centre. After verification, the owner will get a certificate — to be provided to the dealer for a discount on the new car — and price for scrap. Industry academia partnership must for ‘Make in India’ The President of India Pranab Mukherjee has said that India has initiated the ‘Make in India’ program and it is the collaboration between industry and academia which will catalyze our national efforts to make this program a success. The President was speaking at the CII-IIEST Conference on the theme of “Enabling Make in India through Industry Academia Innovation Platform” in Kolkata, West Bengal recently. Speaking on the occasion, the President said that India’s external sector has remained steady with current account deficit improving to 1.1 percent of GDP in 2015-16 from 1.3 percent in the previous year. The challenges in global economic conditions notwithstanding, India has registered a growth rate of 7.3 percent in the calendar year 2015. The industrial sector has posted a growth of 7.4 percent in the last

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 7

financial year, with the manufacturing sector growth returning even better figures of 9.3 percent. The President said that the success of this campaign shall rest on several pillars, namely; (i) Ease of Doing Business under which India aims to achieve a rank of 50 in the World Bank Doing Business Indicators. Simplified, time-bound and online processes are being instituted across ministries and state governments for this. The emphasis of the Department of Industrial Policy and Promotion (DIPP) is on improvement, simplification and rationalization of existing rules and introduction of IT to make governance more effective and efficient. (ii) Infrastructure and industrial corridors with world-class facilities and connectivity- Five Industrial Corridor projects have been identified, planned and launched across the country to provide an impetus to industrialization and planned urbanization. In each of these corridors manufacturing is the key economic driver and these projects are seen as critical in raising the share of manufacturing in India’s GDP from the current levels of 15% to 25% by 2022. The Delhi-Mumbai Industrial Corridor, coming up in alignment with the Dedicated Rail Freight Corridor, has developed blueprints for eight National Investment and Manufacturing Zones (NIMZ). More such zones are coming up in corridors such as Chennai-Bengaluru, Chennai-Vishakhapatnam, and Bengaluru-Mumbai. (iii) Foreign Direct Investment- We need to facilitate entry of overseas investors. We must ensure that adequate infrastructural facilities are available and transforming policies into actions becomes easier. (iv) Intellectual Property Rights- India’s intellectual property rights regime is now of global standards, and the country counts among the largest reservoirs of R&D talent. The IPR has embarked on a journey for delivering services to the public, leading to the creation of a highly transparent, enabled, efficient and Intellectual Property ecosystem in India that provides legal certainty to the industry. The World Intellectual Property Organization recognized the Indian Patent

Office as an International Searching Authority and an International Preliminary Examining Authority. With this India has joined an elite group of 17 countries. (v) Start-up India- the innovative Startup India, Standup India campaign would help to catalyze technology and entrepreneurship linkages. India is the world’s third largest startup hub with over 3100 startups after USA and UK. Further, India has entered into free trade agreements with several countries and regions which facilitate its participation in global supply chains. The India-ASEAN FTA has recently been upgraded from goods to services and investments. He stated that given the above backdrop, it is imperative that planners in industry and academia chart out a roadmap towards creation of a knowledge society which shall, in turn, nurture and propel a powerful and dynamic economy. We must recognize that a strong economy can emerge only on the bedrock of a knowledge society which is possible only when we actively recognize and create synergies between industry and academia.ding political instability and currency volatility. We have seen African countries like Cameroon, Sudan, Nigeria and Algeriataking steps to improve agriculture and these are also good export markets for made-in-India tractors," he added. 'Brexit will not impact India's engineering exports to UK, EU' The sentiment hit by Britain's decision to leave the European Union has not come in the way of India's engineering exports to UK and other two big markets of Germany and France, as these destinations defied the general declining trend, giving positive growth to the manufacturing and high-tech exports, an analysis by EEPC India has noted. Engineering exports to Britain went up smartly by over 12% to $215 million in July, 2016 from $192 million in the same month of the previous year. Shipments to Germany were even better close to $200 million , rising by over 19? year on year from $168 million in July,2015. Exports to another key market, France were moderately higher by 2.29? to $ 86 million from $84 million for the period under review.

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 8

The engineering exports to UK are in line with the trend of the Britain's economy defying concerns which centered around the outcome of the June 23 referendum in that country . In one of the most keenly watched events around the world, the Yes vote in favour of Exit won , though by a thin margin. While the exit would be negotiated and is a time consuming process, the initial reactions were of that of fears and concerns. "Somehow, the reality has sunk in . Besides a quick decision on the change of the Prime Minister in UK too helped calm the nerves. New Prime Minister Teresa May is well respected , giving a re-assurance to the business community," chairman of the EEPC India, T S Bhasin said. International media reports quoting official UK data suggested that the number of people claiming unemployment sops dropped by 8,600 in July, clearly indicating there was no keen-jerk reaction to Brexit. Besides, another key indicator of UK retail sales in July also showed 1.4 per cent increase . "From the engineering exports point of view, it is important to see that our shipments went up to UK despite about 11 per cent trade-weighted drop in prices of Pound Sterling, making Britain's imports expensive," Bhasin said. The positive trend to UK and other key European markets has come about in the face of an overall negative growth in India's engineering exports. After rising for the consecutive two months of May and June 2016, Indian engineering exports slipped yet again in July contracting by 12.11% as against a positive growth by 2.57% in the previous month. Cumulative engineering exports continued to decline as engineering exports for the first four months of the current fiscal dropped by 5.82% to $ 20.27 billion in Apr-July 2016-17 from $ 21.53 billion during Apr - July 2015-16. Hyundai sets target to make over 1 mn vehicles in India by 2020-21 Hyundai Motor India, the nation's second largest car maker, has set an internal target of producing more than 1 million vehicles a year by 2020-2021. That will be a twofold jump from

now for the maker of the Creta SUV and i20 hatchback. Encouraged by the success of the Indian subsidiary, the Korean Hyundai Group is close to announcing the India entry of another of its unit: the small car specialist Kia Motors. Post Kia's entry, the chaebol sees itself making 1.1-1.2 million vehicles a year in India, a market that is expected to become the third largest by 2020-21. It sold 4.65 lakh vehicles in India in 2015. Kia is expected to bring in additional sales of about two lakh cars for the Hyundai Group in India. The move comes close on the heels of Maruti Suzuki announcing its vision of attaining annual sales of 2 million units target by the end of the decade. According to one of four people who talked to ET on company's plans, the strategy of Kia setting up a plant in India was the brainchild of Hyundai Group Chairman Chung Mong-koo. "The new factory from Kia will offer Hyundai additional capacity at zero fixed cost, whereas for Kia itself, the break-even point will be reached faster due to combined capacity utilization," said the person, while requesting anonymity. Sonalika clinches top spot as tractor exporter in India in July India's tractor tribe has a new top exporter - Sonalika ITL. In July, Sonalika became the top Indian tractor exporter with over 1,500 units shipped, ahead of earlier topper Tafe and domestic market leader Mahindra. Sonalika, which shipped 4,075 units in the April-July period, clocked 24% growth and managed the third slot in cumulative rankings. The company, which is targeting a big push in China and US markets, wants to ship more than 13,000 units this financial year and retain its top slot as tractor exporter. India's tractor exports - 77,485 units in FY15-16 - has been flat month-on-month and turned negative year-on-year in the first four months of the new financial year. Monthly exports hit a five-year high of 7686 units in December 2015 only to slide sharply thereafter. "Sonalika was No 4 exporter for the whole year in FY15-16," said Gaurav Saxena, president-international

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 9

business, Sonalika ITL. "In the first four months of the new fiscal our cumulative exports of 4075 units have put us at the No 3 slot. Our strategy is to retain our July rank of top exporter all through the year." According to Tractor Manufacturers Association data in July, Sonalika ITL led exports with 1,534 units, Tafe exported 1,256 units, John Deere 1,173 units, Mahindra 1,100 tractors, New Holland 720 tractors and Escorts 82 units. "30% of our volumes come from Africa, 25% from Asia and the balance 45% from Europe and Latin America," he added. The company currently has assembly plants in Brazil, Argentina, Algeria, Iran and Cameroon and a centralised spare parts centre in the Czech Republic. Tractor exports have been hit by the oil crisis in several Latin American and African countries.

International News..

USA - COLUMBUS CASTINGS' NEW

OWNER READY TO START WORK ON

ITS REBIRTH

The rebirth of the Columbus Castings property will begin soon, but it will take years. The first step will be to empty the plant of parts and equipment and tear down at least some of the buildings, said Jonathan Reich, co-CEO of Reich Brothers Inc., in an interview Thursday. His company was the winning bidder in an auction last week to buy the assets of the closed South Side foundry. "I would just caution that it's a long process," he said. Within months, the company is likely to hold an auction of small equipment on the property, he said. That will be followed by the removal of large equipment, some of which will be sold. Then workers will demolish at least some of the buildings. After that will come environmental cleanup of the site, whose soil has been polluted from more than a century of work with hazardous chemicals and metals. The environmental work will need to be done according to a plan to be worked out with state and federal regulators.

"No shovel will hit the dirt until that's done," Reich said. He doesn't have a timetable, but says it would be useful to think of this as a years-long process. While it stings to have lost 800 jobs at the foundry, he thinks that the city will be better off in the long run to have "lighter manufacturing, much more sensitive to the community on environmental issues," he said. Reich Brothers, with main offices in White Plains, N.Y., and Los Angeles, made its first public statement about its plans on Wednesday, saying in a news release that the property would be part of an "environmentally clean mixed-use redevelopment." "It's a good example of how times are changing," said Curtis Davis, vice chairman of the South Side Area Commission, an elected panel that makes recommendations to the Columbus City Council on issues affecting the neighborhood. "Is it a new chapter? I think so," Columbus Castings was operating until mass layoffs occurred in May, followed by a bankruptcy filing by the company's owner. Reich Brothers narrowly outbid a private-equity firm that had plans to reopen the plant. The foundry was the only manufacturer in the country for certain parts for rail-car undercarriages. The rail industry, however, has experienced a sharp decline because of falling coal and oil shipments. One question throughout the bankruptcy process was what rail-car makers would do to get the parts in the absence of this key supplier. Reich said he may sell some of the assets to another parts manufacturer, but added that there is no current plan to do so. Reich has been doing redevelopment projects for about 20 years and says his company is prepared to do this work the right way. Some of that work will involve hiring of workers who will help with teardown and other tasks, but he did not have an estimate of how many. "This is what we do day in and day out," he said. "What we do all day long is buy intact manufacturing facilities that have closed."

Foundry Informatics Centre, 67 Tughlakabad Institutional Area, New Delhi – 110062 Tel: +91 11 29960601, Email: [email protected], Web: http://foundryinfo-india.org/

Page 10

Government Schemes

Skill Development Initiative (SDI) Scheme Objective: To provide vocational training to school leavers, existing workers, ITI graduates, etc. to improve their employability by optimally utilizing the infrastructure available in Government, private institutions and the Industry. Existing skills of the persons can also be tested and certified under this scheme. Eligibility: Training is provided by registered Vocational Training Providers (VTPs) under the Govt., Private Sector and Industrial establishments. Demand driven Short term training courses based on Modular Employable Skills decided in consultation with Industry. The Skill Development Initiative Scheme is 100 % centrally sponsored scheme. For more information please click on the following link http://dget.nic.in/content/innerpage/introduction

-sdis.php

Notifications/ Circulars Ministry of Finance, Dept. of Revenue, CBEC Notification No. 117/2016 - Customs (N.T.) Dated Aug 26, 2016

Rate of exchange of conversion of the foreign currency with effect from 27th Aug., 2016 http://www.cbec.gov.in/resources//htdocs-

cbec/customs/cs-act/notifications/notfns-2016/cs-

nt2016/csnt117-2016.pdf

Ministry of Finance, Dept. Revenue, CBEC

Circular No. 40/2016-Dated Aug 26, 2016

Guidelines on safety and security of premises where imported or export goods are loaded, unloaded or stored http://www.cbec.gov.in/resources//htdocs-

cbec/customs/cs-circulars/cs-circulars-2016/circ40-

2016cs-revised.pdf

Ministry of MSME, Govt. of India Notification No. 9(8)/2016-SME

Dated Aug 05, 2016

MSME Data-bank — Notification http://msme.gov.in/WriteReadData/DocumentFile/

MSME-Databank-Notifications.PDF

Upcoming Domestic Events

Upcoming International Events

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.

65th IFC and IFEX

2017

From.: 3rd to 5th

February, 2017 Venue: Eco Park,

Kolkata

URL: https://www.youtub

e.com/watch?v=Wq

QFQS4qFDc

3rd International

Exhibition & Conference On Steel

Industry

20th - 22nd April, 2017

Mumbai Exhibition

Center, Mumbai,

India http://www.indiasteel

expo.in/

From.: 14th

to 17th

March, 2017

Venue: GAUTENG,

SOUTH AFRICA

URL:

http://metalcastin

gconference.co.za/

From.: 21st

to 24th

June, 2017

Venue: Verona,

Italy

URL:

http://www.metef.

com/ENG/home.as

p#