bulletin supported by:- › upload › foundry_bulletin › ... · • robotics in melting by mr....

Tel: +91 11 29960601, Fax: +91 11 29958028

Email: fic@indianfoundry

www.metalpower.net http://www.porwalauto.com/

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

Tel: +91 11 29960601, Fax: +91 11 29958028

dry.org, Web: http://foundryinfo-india.org/

Bulletin Supported By:-

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

http://www.disagroup.com

http://www.vivegha.com/

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

Web-link to 66th

IFC Promo Video: https://www.youtube.com/watch?v=pfOAEErCDc0

Official Website: http://www.ifcindia.net/

1

Issue No. 252

14.11.2017

http://www.kiswok.com/

http://www.disagroup.com

http://www.vivegha.com/

http://inductothermindia.com

IFC Promo Video: https://www.youtube.com/watch?v=pfOAEErCDc0

http://www.ifcindia.net/

Tel: +91 11 29960601, Fax: +91 11 29958028


Foundry Inn

Hotel Vivanta by TAJ Ambassador, New Delhi

The Institute of Indian Foundrymen (IIF)Technology Summit on 10th Delhi. The summit was attended by The Summit was sponsored by M/s. Forace Polymers & M/s. Rhino Machines. Mr. A. K. Anand, Director IIF extended a very warm welcome to all participants on behalf of IIF and entire team of IIF Delhi officepassing through disruptive changesMobility, Implementation of GST which is still to stabilize, Keeping these disruptions in focus, IIF has orgacontinuously innovate and to revisour businesses. The Summit was inaugurated by traditional lPanchal, Vice President IIF Mr. Shashi Kumar Jain, Immediate Past President IIF Mr. Anil Vaswani, Director IIF Mr. A. K. Anand & Mr. Manish Kothari explained abothe summit for the businesses and highlighted that the success lies in continuous innovation in our respective fields. He then requested President IIF to address the participants. President IIF Mr. Amish Panchal activities and projects being taken up in the year

Tel: +91 11 29960601, Fax: +91 11 29958028


Foundry Innovation & New Technology Summit10th November, 2017


The Institute of Indian Foundrymen (IIF) organized the Foundry Innovation & New November, 2017 at Hotel Vivanta by TAJ Ambassador, New

was attended by 69 participants from across the country

by M/s. Electrotherm and co-sponsored by M/s. Inductotherm, M/s. Forace Polymers & M/s. Rhino Machines.

IIF extended a very warm welcome to all participants on behalf of Delhi office. During the opening remarks, he mentioned th

changes like digitization, Manufacturing 4G, GST which is still to stabilize, besides environmental issues.

in focus, IIF has organized this summit, which will stimulate us to revisit our business models and processes

The Summit was inaugurated by traditional lightening of lamp by PresidVice President IIF Mr. Shashi Kumar Jain, Immediate Past President IIF Mr. Anil

Vaswani, Director IIF Mr. A. K. Anand & Convenor of the Summit Mr. Manish Kothari

bout the objectives and details of the event and significance of and highlighted that the success lies in continuous innovation in

He then requested President IIF to address the participants.

Panchal welcomed the participants and briefed them taken up in the year 2017-18 which includes Foundry Excellence

2

ovation & New Technology Summit


Foundry Innovation & New by TAJ Ambassador, New

from across the country.

sponsored by M/s. Inductotherm,

IIF extended a very warm welcome to all participants on behalf of he mentioned that we are 4G, Switching to Electric

besides environmental issues. which will stimulate us to

t our business models and processes to stay and thrive in

by President IIF Mr. Amish Vice President IIF Mr. Shashi Kumar Jain, Immediate Past President IIF Mr. Anil

Convenor of the Summit Mr. Manish Kothari.

t the objectives and details of the event and significance of and highlighted that the success lies in continuous innovation in

He then requested President IIF to address the participants.

participants and briefed them about various IIF which includes Foundry Excellence

Tel: +91 11 29960601, Fax: +91 11 29958028


Workshops, Green Foundry Drive, Foundry Biz Mantras, Cast Source Meet etc. that Foundry Innovation & New Technology Summit is one of such key initiatives taken upduring the year. Mr. Panchal added that as the President, it is his priority to promDefect Mindset, Innovation Mindset, Open to New Things Mindset amongst Indian Foundry Industry and urged the industry to upgrade, kick start new growth, improve and activate their teams to bring changes in working and lead the market. He concludedslogan “Lets Cast it Together, Lets Innovate Together Key note address was delivered by Mr. Gadhia gave a presentation on “Ecosystem” which was highly acclaimed by the audience. Thereafter, President IIF Mr. Amish Panchal presented a Memento to Shri Deepak Gadhia. Series of technical talks continued during the day and following technical papers/ presentationwere organized:-

• Use of Solar Energy in foundry by Mr. Electrotherm India Pvt. Ltd.

• Melt Shop Energy Optimisation by Mr. Aditya Girotra • Automatic Pouring System by Mr. Vishal Wadikar • Sand & Moulding Energy Saving by Mr. Krutik Mewada • Fettling Automation by Mr. Sameer Kelkar • Foundry Resource Planning by Mr. Christian Kleenberg • Low Cost Automation in weighing of liquid metal, materials by Mr. Senthil

ACI Automation • Faster development of product with use of 3D Printing by Mr. Pushkar Parashar

Voxeljet • Robotics in Melting by Mr. Ajit Chaturvedi • Green Sand Control by Mr. Anil Vaswani • Vertical Foundry by Mr. M. Acharya • Green Sand Reclamation by Manish Kothari

All the presentations were found to be very interesting Session various queries of the participants were replied satisfactorily

Tel: +91 11 29960601, Fax: +91 11 29958028


hops, Green Foundry Drive, Foundry Biz Mantras, Cast Source Meet etc. that Foundry Innovation & New Technology Summit is one of such key initiatives taken up

Mr. Panchal added that as the President, it is his priority to promDefect Mindset, Innovation Mindset, Open to New Things Mindset amongst Indian Foundry Industry and urged the industry to upgrade, kick start new growth, improve and activate their teams to bring changes in working and lead the market. He concluded

Lets Cast it Together, Lets Innovate Together”.

Key note address was delivered by Shri Deepak Gadhia of Muni Seva Aasram Mr. Gadhia gave a presentation on “Solar Thermal Applications in Foundry & Innovation

which was highly acclaimed by the audience.

Thereafter, President IIF Mr. Amish Panchal presented a Memento to Shri Deepak Gadhia.

continued during the day and following technical papers/ presentation

Use of Solar Energy in foundry by Mr. Siddharth Bhandari & Mr. Electrotherm India Pvt. Ltd. Melt Shop Energy Optimisation by Mr. Aditya Girotra - Ecolibrium Automatic Pouring System by Mr. Vishal Wadikar - Maharahstra Engineers

Moulding Energy Saving by Mr. Krutik Mewada - Rhino MachinesFettling Automation by Mr. Sameer Kelkar - Grind Master Foundry Resource Planning by Mr. Christian Kleenberg - RGU Low Cost Automation in weighing of liquid metal, materials by Mr. Senthil

Faster development of product with use of 3D Printing by Mr. Pushkar Parashar

Robotics in Melting by Mr. Ajit Chaturvedi - Inductotherm Green Sand Control by Mr. Anil Vaswani - Wesman Ltd.

M. Acharya - Abhishek Alloys Green Sand Reclamation by Manish Kothari – Rhino Machines

were found to be very interesting by the audience and during Q&A ession various queries of the participants were replied satisfactorily by the

3

hops, Green Foundry Drive, Foundry Biz Mantras, Cast Source Meet etc. He elaborated that Foundry Innovation & New Technology Summit is one of such key initiatives taken up

Mr. Panchal added that as the President, it is his priority to promote Zero Defect Mindset, Innovation Mindset, Open to New Things Mindset amongst Indian Foundry Industry and urged the industry to upgrade, kick start new growth, improve and activate their teams to bring changes in working and lead the market. He concluded his address with the

hri Deepak Gadhia of Muni Seva Aasram and subsequently Solar Thermal Applications in Foundry & Innovation

Thereafter, President IIF Mr. Amish Panchal presented a Memento to Shri Deepak Gadhia.

continued during the day and following technical papers/ presentations

Siddharth Bhandari & Mr. Kapil Jain -

Maharahstra Engineers

Rhino Machines

Low Cost Automation in weighing of liquid metal, materials by Mr. Senthil Kumar -

Faster development of product with use of 3D Printing by Mr. Pushkar Parashar –

by the audience and during Q&A by the speakers.

Tel: +91 11 29960601, Fax: +91 11 29958028


All the speakers were felicitated by IIF after their respective presentations. Mementos were also presented M/s. Inductotherm, M/s. Forace Polymers & M/s. Rhino Machinesand gratitude by President IIF Mr. Amish Panchal. The summit concluded with vote of thanks

Glimpses of the Summit in Pictures

Tel: +91 11 29960601, Fax: +91 11 29958028


All the speakers were felicitated by IIF after their respective presentations.

presented to the representatives of event sponsorsM/s. Inductotherm, M/s. Forace Polymers & M/s. Rhino Machines, as a tokenand gratitude by President IIF Mr. Amish Panchal.

ote of thanks presented by Mr. Basant Kumar

Glimpses of the Summit in Pictures

4

All the speakers were felicitated by IIF after their respective presentations.

sponsors M/s. Electrotherm, as a token of appreciation

Basant Kumar, Asst. Director IIF.

Tel: +91 11 29960601, Fax: +91 11 29958028


Foundation Stone Laying CeremonyNew building o

President IIF Mr. Amish Panchal and Vice President IIF Mr. Shashi Kumar Jain visited IIF Delhi office on 9th Nov., 2017 on the occasion of Foundation Stone Laying Ceremony of New Building of IIF Delhi Office. This building is being constructed afresh after complete demolition of the old building. They were extended warm welcome by Chairman FIC Mr. Surendra Verma President IIF Mr. Amish Panchal was briefed about the new building plan by the architect and the contractor. The President IIF laid the foundation stone for the new building in the august presence of President IIF Mr. Shashi Kumar Jain, IIF Chairman FIC Mr. Surendra Verma, Garg, Hon. Treasurer NR Mr. Saurabh Gupta, Past Chairman NR Mr. Pradeep Mittalearlier building, IIF Director Mr. A. K. Anand along with FIC staff, IIF Executive Director Mr. B. Dutta, IIF CFO CA. S. Datta and Lead & Zinc Development Association Once the new four storey building is enough space to cater to lot of activities for IIF members.

The ceremony concluded with Hi

Tel: +91 11 29960601, Fax: +91 11 29958028


Foundation Stone Laying Ceremony New building of IIF Delhi Office

9th Nov., 2017

President IIF Mr. Amish Panchal and Vice President IIF Mr. Shashi Kumar Jain visited IIF Delhi

on the occasion of Foundation Stone Laying Ceremony of New Building This building is being constructed afresh after complete demolition of the

They were extended warm welcome by Chairman FIC Mr. Surendra Verma

President IIF Mr. Amish Panchal was briefed about the new building plan by the architect and the contractor.

laid the foundation stone for the new building in the august presence of r Jain, IIF Past Presidents Mr. Naresh Garg

Chairman FIC Mr. Surendra Verma, Chairman NR Mr. Vinit Jain, Hon. Secy. NR Mr. Shwetang Garg, Hon. Treasurer NR Mr. Saurabh Gupta, Past Chairman NR Mr. V. P. Rastogi,

Mr. Pradeep Mittal, Senior architect Mr. Warerkar, who had designed the , IIF Director Mr. A. K. Anand along with FIC staff, IIF Executive Director Mr. B.

and senior representatives from Indian Institute of MetalLead & Zinc Development Association etc.

building is complete, it will be an imposing structure and cater to lot of activities for IIF members.

The ceremony concluded with High-Tea.

5

of

President IIF Mr. Amish Panchal and Vice President IIF Mr. Shashi Kumar Jain visited IIF Delhi on the occasion of Foundation Stone Laying Ceremony of New Building

This building is being constructed afresh after complete demolition of the They were extended warm welcome by Chairman FIC Mr. Surendra Verma.

President IIF Mr. Amish Panchal was briefed about the new building plan and progress so far

laid the foundation stone for the new building in the august presence of Vice aresh Garg & Mr. Vikas Garg, Hon. Secy. NR Mr. Shwetang

Past Chairman NR Mr. V. P. Rastogi, Immediate , who had designed the

, IIF Director Mr. A. K. Anand along with FIC staff, IIF Executive Director Mr. B. Indian Institute of Metals & Indian

it will be an imposing structure and will have

Tel: +91 11 29960601, Fax: +91 11 29958028


Full Day Seminar on Export Promotion, Documentation & Public Procurement Policy for MSMEs supported by Min. of MSME We are pleased to inform you that Foundry Informatics Centre of The Institute of Indian Foundrymen (IIF) jointly with Ministry of MSMEis organizing a full day Seminar on 23rd Nov 2017 (Thursday) as per the details given below:- Date & Time of Programme - 23.11.2017 (Thursday) 10:30 am to 5:00 pm (Lunch & High-Tea in between) Venue - MSME Development InstituteConnaught Place, New Delhi Chief Guest - Development Commissioner, MSME List of Topics a) Export Promotion / documents b) Modern Marketing Technique and Global Marketing –AIMA c) Packaging – IIP d) Public Procurement Policy O/o theMSME There is no fees for participationevent will be supported by Ministry of MSME Since there are limited seats, registradone on first come first served basis PLEASE SEND YOUR CONFIRMATION OF PARTICIPATION POSITIVELY BY 152017 at email [email protected]

Free Webinar: Ceramics--a synthetic, nonsilica alternative for metalcasting (Sponsored by Carbo Industrial Technologies) Ceramics present a viable alternative for replacing silica sand in the metalcasting industry. This presentation will provide an overview of ceramics casting media. It will describe the make-up of ceramics and the key to their performance attributes versus silica sand for metal castings. The presenter Claude Krause is marketing development manager for Carbo Industrial

Tel: +91 11 29960601, Fax: +91 11 29958028


Full Day Seminar on Export Promotion, Documentation & Public Procurement Policy for MSMEs supported by Min. of

We are pleased to inform you that Foundry Informatics Centre of The Institute of Indian Foundrymen (IIF) jointly with Ministry of MSME is organizing a full day Seminar on 23rd Nov

as per the details given

23.11.2017

MSME Development Institute,

Commissioner,

Export Promotion / documents – IIFT Modern Marketing Technique and Global

Public Procurement Policy O/o the DC

There is no fees for participation as the event will be supported by Ministry of

Since there are limited seats, registration will be done on first come first served basis

PLEASE SEND YOUR CONFIRMATION OF 15th Nov.,

[email protected]

a synthetic, non-silica alternative for metalcasting (Sponsored by Carbo Industrial

Ceramics present a viable alternative for replacing silica sand in the metalcasting industry. This presentation will provide an

iew of ceramics casting media. It will up of ceramics and the key

to their performance attributes versus silica

The presenter Claude Krause is marketing nt manager for Carbo Industrial

Technologies. He will show how the ceramic attributes impact the casting in use performance. He will also describe various approaches underway to achieve a full conversion from silica sand to ceramics with an ultimate goal of meeting the new silica PEL regulations. Attendees will see various value points that offset purchase price deficits and cost performance advantages of the synthetic, technically engineered ceramics. Interested members can register fowebnair scheduled 9:30 PM (India Timefollowing weblink https://zoom.us/webinar/register/WN_5cHcdinXSeaRyG_7spg3mQ

News Headlines..

• Indian Nickel Scrap prices gain• Indian Brass, Copper Scrap prices slide in

line with MCX Copper• Indian magnesium ingot prices softening

with few deals closed• Indian Ferro silicon price weakens• Russian ferrosilicon market quiet• Russian low carbon ferrochrome prices

stable • Brazil’s ferroalloy exports fall for Oct.• Chinese ferromolybdenum market sees

obviously decreased transactions of low prices

• China production cuts lift India Aluminium Scrap

• Chinese ferronickel price retreats

Approx Major Raw Material Prices

ITEMS

03

Pig Iron (Mumbai)

Melting Steel Scrap

CRCA Scrap

Copper Ingot

Aluminum Ingot

6

will show how the ceramic attributes impact the casting in use

He will also describe various approaches underway to achieve a full conversion from silica sand to ceramics with an ultimate goal of meeting the new silica PEL regulations.

dees will see various value points that offset purchase price deficits and cost performance advantages of the synthetic, technically engineered ceramics.

Interested members can register for Free on 15th Nov 2017, e) ,you can register on

https://zoom.us/webinar/register/WN_5cHcdinXSeaRyG_7spg3mQ

Headlines..

Indian Nickel Scrap prices gain Indian Brass, Copper Scrap prices slide in line with MCX Copper Indian magnesium ingot prices softening with few deals closed Indian Ferro silicon price weakens Russian ferrosilicon market quiet Russian low carbon ferrochrome prices

Brazil’s ferroalloy exports fall for Oct. Chinese ferromolybdenum market sees

viously decreased transactions of low

China production cuts lift India Aluminium

Chinese ferronickel price retreats

Approx Major Raw Material Prices

Price 03.11.2017

Rs./Kg (Basic

Price Excl GST)

Price 10.11.2017

Rs./Kg (Basic

Price Excl GST)

32.2 32.2

27.0 27.2

27.8 27.9

421 422

156 154

Tel: +91 11 29960601, Fax: +91 11 29958028


In the News..

Will soon come out with a review of foreign trade policy: Prabhu at IITF The mid-term review of the foreign trade policy (FTP), aimed at promoting exports, will be released soon, Commerce and Industry Minister Suresh Prabhu said today. He said the commerce ministry is working on a countryspecific strategy for exports. "Very soon, we will come out with a mid-term review of our foreign trade policy," he said here at the inauguration of 37th India International Trade Fair (IITF). He said promotion of international trade would help boost the country's economic gr "We would like to increase our exports but also would not discourage imports. We will like to have an international trade as a thrust for developing India's GDP and economy," he added. The five-year foreign trade policy (201520) provides a framework for boosting exports of goods and services besides creation of employment and increasing value addition. Talking to reporters, he said the ministry is helping exporters in the resolution of issues related with Goods and Services Tax (GST).Inaugurating the 'Startup India Standup India' pavilion, he said start-up India is a reality now and over 20,000 startups are there in India.The minister stated that he has asked SIDBI officials to look at funding issues being faced by young entrepreneurs. "I have told them that there should be no problems of funds," he said, adding that the ministry will soon be organising a roundfor start-ups with the help of International Finance Corporation. Production of vehicles up by 8.13 pct, sales by 7.67 pct The auto industry has registered growth in production and sale of vehicles between April and October this year, as observed from the figures reported by the Society of Indian Automobile Manufacturers (SIAM) The industry produced a total 17,097,096 vehicles including passenger vehicles,

Tel: +91 11 29960601, Fax: +91 11 29958028


Will soon come out with a review of foreign trade policy: Prabhu at IITF

term review of the foreign trade policy (FTP), aimed at promoting exports, will be released soon, Commerce and Industry Minister

He said the commerce ministry is working on a country-

"Very soon, we will term review of our foreign

trade policy," he said here at the inauguration of 37th India International Trade Fair (IITF).

He said promotion of international trade would help boost the country's economic growth.

"We would like to increase our exports but also would not discourage imports. We will like to have an international trade as a thrust for developing India's GDP and economy," he

year foreign trade policy (2015-rk for boosting exports

of goods and services besides creation of employment and increasing value addition.

Talking to reporters, he said the ministry is resolution of issues

related with Goods and Services Tax (GST). Inaugurating the 'Startup India Standup India'

up India is a reality now and over 20,000 startups are there in India. The minister stated that he has asked SIDBI

cials to look at funding issues being faced by

"I have told them that there should be no problems of funds," he said, adding that the ministry will soon be organising a round-table

ups with the help of International

Production of vehicles up by 8.13 pct,

The auto industry has registered growth in production and sale of vehicles between April and October this year, as observed from the figures reported by the Society of Indian Automobile Manufacturers (SIAM).

ry produced a total 17,097,096 vehicles including passenger vehicles,

commercial vehicles, three wheelers, two wheelers and quadricycle in Aprilas against 15,811,071 in Aprilthus registering a growth of 8.13 percent over the same period last year As per the SIAM data, the sale of passenger vehicles grew by 7.67 percent in April2017 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicle and vans grew by 4.72 percent, 16.95 percent and 2.86 percent respectively in AprilOctober 2017 over the corresponding period last year. The overall commercial vehicles segment grew by 6.04 percent in Aprilcompared to the same period last year. Medium and Heavy Commercial Vehicldeclined by (-) 5.38 percent, while light commercial vehicles grew by 13.97 percent in April-October 2017 over the same period last year. Three wheeler sales also declined by (percent in April-October 2017 over the same period last year. Within the three wheeler segment, passenger carrier sales registered degrowth of (-) 8.52 percent, while goods carrier grew by 3.83 percent in Aprilover April-October 2016 On the exports front, in Apriloverall automobile exports grew by 10.37 percent. Two and threeregistered a growth of 15.87 percent, and 17.93 percent respectively while passenger vehicles and commercial vehicles declined by (4.13 percent and (-) 28.05 percent respectively in April-October 2017 over the same period last year. Centre likely to announce procedure to address GST-related issues promptly The government is looking to announce a procedure wherein the GST Council can address issues related to the indirect tax regime either suo motu or after being approached by companies or industry bodies, two people with the knowledge of the matte “There is a realisation that had a few proactive steps been taken, certain issues related to GST

7

commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2017, as against 15,811,071 in April-October 2016, thus registering a growth of 8.13 percent over

ame period last year.

As per the SIAM data, the sale of passenger vehicles grew by 7.67 percent in April-October 2017 over the same period last year. Within the passenger vehicles, passenger cars, utility vehicle and vans grew by 4.72 percent, 16.95

nt and 2.86 percent respectively in April-October 2017 over the corresponding period

The overall commercial vehicles segment grew by 6.04 percent in April-October 2017 as compared to the same period last year. Medium and Heavy Commercial Vehicles (M and HCVs)

) 5.38 percent, while light commercial vehicles grew by 13.97 percent in

October 2017 over the same period last

Three wheeler sales also declined by (-) 6.27 October 2017 over the same

year. Within the three wheeler segment, passenger carrier sales registered de-

) 8.52 percent, while goods carrier grew by 3.83 percent in April-October 2017

October 2016.

front, in April-October 2017, overall automobile exports grew by 10.37 percent. Two and three-wheeler segments registered a growth of 15.87 percent, and 17.93 percent respectively while passenger vehicles and commercial vehicles declined by (-)

) 28.05 percent respectively October 2017 over the same period last

Centre likely to announce procedure to related issues promptly

The government is looking to announce a procedure wherein the GST Council can address issues related to the indirect tax regime either suo motu or after being approached by companies or industry bodies, two people with the knowledge of the matter have said.

“There is a realisation that had a few proactive steps been taken, certain issues related to GST

Tel: +91 11 29960601, Fax: +91 11 29958028


could have been addressed quickly. The government wants businesses to approach the GST Council rather than file writ petitions in courts,” a person in the know told ET. “The government is looking to prescribe a procedure by which companies can directly approach the GST Council or issues can directly be identified through social media interactions,” another person close to the development said. The idea is that the GST Council could take swift action or address a problem when a number of people start complaining on Twitter, he said. Under the new mechanism, issues which are being tweeted to government’s Twitter handles around GST would be picked up on a priority basis and resolved or clarified immediately. “Currently, Twitter handles are managed by tech professionals who often just rstated lines. But the government does come to know about the magnitude of the problem and the GST Council can intervene and take immediate action,” the person close to the development added. At last count, about 49 writ petitions have been filed across courts in issues related to GST, of which about 16 are by businesses seeking quick resolution. “It would be good to see the various issues raised by businesses in various courts by filing writ petitions resolved by the GST Council as approaching courts on such issues is a suboptimal solution. While a resolution of some of the issues raised may require legislative changes which need to be taken up at the earliest, some of the issues can also be addressed by providing clarifications to business,” said MS Mani, partner-GST, Deloitte India. In some cases, leeway could be given where a sector could be faced with an unintended consequence. According to people in the know, there is a feeling in the government that if issues are addressed promptly by the GST Council, most companies would avoid approaching the courts.

Tel: +91 11 29960601, Fax: +91 11 29958028


could have been addressed quickly. The government wants businesses to approach the GST Council rather than file writ petitions in

on in the know told ET.

“The government is looking to prescribe a procedure by which companies can directly approach the GST Council or issues can directly be identified through social media interactions,” another person close to the development said.

idea is that the GST Council could take swift action or address a problem when a number of people start complaining on Twitter,

Under the new mechanism, issues which are being tweeted to government’s Twitter handles around GST would be picked up on a priority basis and resolved or clarified immediately.

“Currently, Twitter handles are managed by tech professionals who often just repeat the stated lines. But the government does come to know about the magnitude of the problem and the GST Council can intervene and take immediate action,” the person close to the

At last count, about 49 writ petitions have been across courts in issues related to GST, of

which about 16 are by businesses seeking quick

“It would be good to see the various issues raised by businesses in various courts by filing writ petitions resolved by the GST Council as

ourts on such issues is a sub-

While a resolution of some of the issues raised may require legislative changes which need to be taken up at the earliest, some of the issues can also be addressed by providing

said MS Mani, GST, Deloitte India. In some cases,

leeway could be given where a sector could be faced with an unintended consequence.

According to people in the know, there is a feeling in the government that if issues are

e GST Council, most companies would avoid approaching the courts.

The procedure to sort out issues would be separate from the proposed advance authority for rulings, avowed both the people close to the development. ET on October 4 reported that a few senofficials and corporates have urged the government to start AAR as early as possible to clear doubts on GST, as this will prevent companies and associations from approaching courts for clarity. Escorts Looking at Partnerships to Grow Agriculture Business After divesting its stake in lossparts business, engineering conglomerate Escorts is looking at riding the `Make in India' wave to boost revenue from its railway and construction equipment arms. Edited excerpts of interview of Nikhil NandaManaging Director Escorts recently divested the auto components business. Is the process of restructuring over?Escorts is fully restructured. We are now absolutely focussed. The company has done well, the balance sheet is clean. We are nearly a debt-free company. What we communicated (to stakeholders) is that we will look at increasing our margins happening. If you look at the last six quarters, the EBITDA margin is on an increase. Even this year, while the industry is peaking, we have started a very aggressive cost compression programme.the kind of products that we have developed in the last 3-4 years is giving Escorts the opportunity in getting its rightful share of business in domestic and in international markets. Will the focus be on growing in the tractors, construction equipment and railways space?The cleansing (has enabled) reincapital into chosen businesses, what you call the core. The way we see Escorts is that we are an engineering company and we have chosen to be in the agriculture, rail and construction equipment verticals.

8

The procedure to sort out issues would be separate from the proposed advance authority for rulings, avowed both the people close to the

ET on October 4 reported that a few senior tax officials and corporates have urged the government to start AAR as early as possible to clear doubts on GST, as this will prevent companies and associations from approaching

Escorts Looking at Partnerships to Grow

After divesting its stake in loss-making auto parts business, engineering conglomerate scorts is looking at riding the `Make in India'

wave to boost revenue from its railway and construction equipment arms.

of interview of Nikhil Nanda –

Escorts recently divested the auto components business. Is the process of restructuring over? Escorts is fully restructured. We are now absolutely focussed. The company has done well, the balance sheet is clean. We are nearly

free company. What we communicated (to stakeholders) is that we will look at increasing our margins -that is (in fact)

If you look at the last six quarters, the EBITDA margin is on an increase. Even this year, while the industry is peaking, we have started a very aggressive cost compression programme. Also, the kind of products that we have developed in

4 years is giving Escorts the opportunity in getting its rightful share of business in domestic and in international

Will the focus be on growing in the tractors, construction equipment and railways space? The cleansing (has enabled) reinvesting the capital into chosen businesses, what you call the core. The way we see Escorts is that we are an engineering company and we have chosen to be in the agriculture, rail and construction

Tel: +91 11 29960601, Fax: +91 11 29958028


We don't want to waste our time in busthat don't have the potential for growth or don't come into the core category. Quite frankly, there are many opportunities, but also those opportunities don't necessarily mean that they have to be for Escorts. Will the tractors business continue mainstay for Escorts? We are ambitious for all three. Even in tractors, business will grow significantly. I don't want to give an impression that the construction equipment and the railway business will grow at the cost of agri business ... Whatthat if railway is single digit (in contribution to the overall turnover) it will become double digit. So will construction. We are going to have a minimum of `1,000 crore each (in revenue from railways and construction). We often say that Escorts from a tractor company has to become an agricul ture company. The future is about data, information and as much as we are prepared on the equipment side ...we have also now initiated a platform called Escorts Crop Solutions, which is a shared services pay-per-use platform. The entire bouquet of equipment required visthe processes will be provided by Escorts Crop Solutions.. What kind of opportunities do you see in the railways and the construction equipment ventures? Railways is the most profitable business in terms of EBITDA. We are upwards of 15This company three years back was ` 120crore. Today it is close to ` 300 crore. The growth again is coming with new product development. We are looking at M&A in the railway space. We will announce it soon to the market. It is strategic and will bring in technology that will create foundation for the future. We are already seeing an upcycle now (in construction equipment). Even the quarter we ended, the growth is good. The order book is filled up. The kind of growth you have planned for Escorts entails significant investments in R&D... We want to be an innovative company, technology leaders. I don't want Escorts to be seen as a company selling units. We want to be thought leaders in creating solutions. We spend

Tel: +91 11 29960601, Fax: +91 11 29958028


We don't want to waste our time in businesses that don't have the potential for growth or don't come into the core category. Quite frankly, there are many opportunities, but also those opportunities don't necessarily mean that they

Will the tractors business continue to be the

We are ambitious for all three. Even in tractors, business will grow significantly. I don't want to give an impression that the construction equipment and the railway business will grow at the cost of agri business ... What I will say is that if railway is single digit (in contribution to the overall turnover) it will become double digit. So will construction. We are going to have a minimum of `1,000 crore each (in revenue from

Escorts from a tractor company has to become an agricul ture company. The future is about data, information and as much as we are prepared on the equipment side ...we have also now initiated a platform called Escorts Crop Solutions, which is

use platform. The entire bouquet of equipment required vis-à-vis the processes will be provided by Escorts Crop

What kind of opportunities do you see in the railways and the construction equipment

ofitable business in terms of EBITDA. We are upwards of 15-17%. This company three years back was ` 120-140 crore. Today it is close to ` 300 crore. The growth again is coming with new product development. We are looking at M&A in the

l announce it soon to the market. It is strategic and will bring in technology that will create foundation for the

We are already seeing an upcycle now (in construction equipment). Even the quarter we ended, the growth is good. The order book

The kind of growth you have planned for Escorts entails significant

We want to be an innovative company, technology leaders. I don't want Escorts to be seen as a company selling units. We want to be

ting solutions. We spend

between 1.5-2% of our topline on R&D. We have also launched a disruptive centre. Our R&D is actually called KMC (Knowledge Management Centre). seeing no longer is the consumer looking for a parts solution; they are looking for a full solution. Without digressing or losing focus of what we do best, we have to create an ecosystem whereby you are able to give consumers what they move away from being a tractor company to being an agri company. That does not mean we will get into irrigation or fertilisers, that's not the point. But the point is we will contribute to develop mechanised products or bring in partners who can give what farmers require.

International News..

KIMURA FOUNDRY AMERICA INC. BREAKS GROUND On a chilly day, Shelbyville’s newest Japanese company received a warm welcome from city, county and state officials.America Inc. broke ground Tuesday morning at a 10-acre site on Boomer Way adjacent to the Northridge Industrial Park off of North Michigan Road. “This is the first time for Kimura to offer a business outside Japan,” Kimura said.company plans to invest $8 million to build its new factory on the site that will use high3-D printing technology to manufacture castings and molds for the automobiles and pumps. Kimura is expected to hire 20 employees for high-paying jobs by the year 2020.Fukuda, president of Kimura Foundry America, promised the new facility will be state of the art. “Come to Shelbyville next year and you will see the cleanest foundry, the smartest foundry in the world,” he said. Commerce Jim Schellinger noted the state is home to 280 Japanese companies, “now 281.” “We couldn’t be more excited,” he said.Shelbyville Mayor Tom DeBaun said Kimura is the result of the city’s outreach efforts to attract new business, including a recent trip to Japa

9

2% of our topline on R&D. We have also launched a disruptive centre. Our R&D is actually called KMC (Knowledge

The trend that I am seeing no longer is the consumer looking for a parts solution; they are looking for a full solution. Without digressing or losing focus of what we do best, we have to create an ecosystem whereby you are able to give consumers what they require. Escorts has to move away from being a tractor company to being an agri company. That does not mean we will get into irrigation or fertilisers, that's not the point. But the point is we will contribute to develop mechanised products or bring in

rtners who can give what farmers require.

nternational News..

KIMURA FOUNDRY AMERICA INC.

On a chilly day, Shelbyville’s newest Japanese ceived a warm welcome from city,

county and state officials. Kimura Foundry America Inc. broke ground Tuesday morning at

acre site on Boomer Way adjacent to the Northridge Industrial Park off of North Michigan

“This is the first time for Kimura to offer a business outside Japan,” Kimura said. The company plans to invest $8 million to build its new factory on the site that will use high-tech

D printing technology to manufacture castings and molds for the automobiles and

Kimura is expected to hire 20 employees for paying jobs by the year 2020. Yoya

Fukuda, president of Kimura Foundry America, promised the new facility will be state of the

“Come to Shelbyville next year and you will see the cleanest foundry, the smartest foundry in

Indiana Secretary of ellinger noted the state is

home to 280 Japanese companies, “now 281.”

“We couldn’t be more excited,” he said. Shelbyville Mayor Tom DeBaun said Kimura is the result of the city’s outreach efforts to attract new business, including a recent trip to Japan.

Tel: +91 11 29960601, Fax: +91 11 29958028


Government Schemes

Scheme for enabling Manufacturing Sector to be competitive through Quality Management Standards &Technology Tools (QMS/QTT) OBJECTIVE The main objective of the scheme is to sensitize and encourage MSEs to adopt latest QMS and QTT and to keep a watch on sectoral developments by undertaking the stated activities. This component of the scheme of National Manufacturing Competitiveness (NMCP) envisages Micro & Small Enterprises to understand and adopt the latest Quality Management Standards (QMS) and Quality Technology Tools (QTTs) so as to become more competitive and produce better quality products at competitive prices. The adoption of these tools will enable MSEs to achieve: (i) Efficient use of resources. (ii) Improvement in product quality.(iii) Reduction in rejection and recourse of manufacturing. (iv) Reduction in building up inventory at the various stages in the form of raw materials,work-in-progress, finished components, finished products, etc. This will also enable the MSEs to enter into or strengthen their position in the export market. For more details, please visit the following weblink http://www.dcmsme.gov.in/schemes/QMSQTT10.pdf

Notifications/ Circulars

Ministry of Finance, Dept. of Revenue, CBEC Circular 42/2017-Customs,dt. 07-11Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017 http://www.cbec.gov.in/resources//htdocs

cbec/customs/cs-circulars/cs-circulars

2017/circ42-2017cs.pdf

Tel: +91 11 29960601, Fax: +91 11 29958028


Scheme for enabling Manufacturing Sector to be competitive through Quality

& Quality

The main objective of the scheme is to sensitize and encourage MSEs to adopt latest QMS and QTT and to keep a watch on sectoral developments by undertaking the stated

This component of the scheme of National Manufacturing Competitiveness Programme

envisages Micro & Small Enterprises to understand and adopt the latest Quality

Standards (QMS) and Quality Technology Tools (QTTs) so as to become more

and produce better quality products doption of these

(ii) Improvement in product quality. (iii) Reduction in rejection and re-work in the

(iv) Reduction in building up inventory at the in the form of raw materials,

progress, finished components, finished

This will also enable the MSEs to enter into or strengthen their position in the export market.

the following web-

http://www.dcmsme.gov.in/schemes/QMSQTT10.pdf

1-2017 Refund of IGST paid on export of goods under

http://www.cbec.gov.in/resources//htdocs-

circulars-

Ministry of Finance, Dept. of Revenue, CBECCircular 14/2017-GST,dt. Procedure regarding procurement of supplies of goods from DTA by (EOU)/(EHTP Unit /STP Unit/BTP Unit http://www.cbec.gov.in/resources//htdocs

cbec/gst/circularno-14-gst.

Ministry of Finance, Dept. of Revenue, CBECNotification No. 103402.11.2017 - Exchange Rateshttp://www.cbec.gov.in/resources//htdocs

cbec/customs/cs-act/notifications/notfns

2017/cs-nt2017/csnt103

Upcoming Indian Events

Upcoming International Events

Disclaimer: Although every care has been taken to

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

10

, CBEC

,dt. 06-11-2017 Procedure regarding procurement of supplies of goods from DTA by (EOU)/(EHTP Unit /STP


gst.pdf

, CBEC

1034/2017 – Customs, Exchange Rates


act/notifications/notfns-

nt2017/csnt103-2017.pdf

Upcoming Indian Events

Upcoming International Events

er: 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

INDOMETAL From: 17 - 19 OCT

2018 | JI EXPO |

JAKARTA

http://www.indometa

l.net/

THE 73RD WORLD

FOUNDRY CONGRESS

From.: 23rd

to 28th

September, 2018

Venue: Poland HTTP://WWW.73WFC.COM/

ALUCAST-2018

06 - 08 Dec., 2018

Delhi/ NCR, India

http://www.alucast2016http://www.alucast2016http://www.alucast2016http://www.alucast2016

.com/.com/.com/.com/

66th

Indian Foundry

Congress

10-12 January 2018

Gandhinagar, Gujarat

http://www.ifcindia.net/

bulletin supported by:- › upload › foundry_bulletin › ... · • robotics in melting by mr....

Documents