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Asia's knowledge of foundry practices dates back to pre historic times. The rustproof iron pillar at Delhi is a standing testimony of this knowledge. Through the ages, the foundry practices have evolved to greater heights through various developments in the industry. Today India is among the 10 largest producers of ferrous and non-ferrous castings and has over 6,500 foundries in the small, medium and large scale sectors, with exports amounting to over 6,000 crores to countries like US, UK, Canada, Germany etc.

If we look at the present scenario, we find that the Asian foundry sector is experiencing a boom for quite some time now. The auto sector is performing very well, thanks to good monsoons for the last few years, which has brought along with it high growth rates and a thriving economy. The agricultural sector is also healthy, generating good demand for tractors. India has emerged as a hub for auto component supplies to the whole world. All these factors augur well for the growing foundry sector. But there is ample scope for improvement with exports from India still hovering at 1% of the world total.

Opportunities are abundant for forming strategic, technological and financial alliances with their overseas counterparts, who are on the brink of closure due to high cost of production. India which enjoys the cost advantage is considered by majority of the consumers of castings to be the ideal location for outsourcing their metal castings product used in the Automobile, Machinery and Engineering industries. This could provide the industry in India with the required boost for consolidating and even multiplying on its present production level.