the institute of indian foundrymen · the foundrymen. mr amish panchal mentioned that some effor t...

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

5th

CEOs Meet Organized by IIF at

Mumbai - 12th

April, 2016 IIF organized the 5th CEOs meet on 12th April, 2016 at Hotel ITC Maratha, Mumbai. Mr. Ajay Shankar, Former Secretary, DIPP was invited as the Chief Guest for interaction with the CEOs, which was attended by approx 40 participants from leading foundries besides other special guests fromthe country. Mr. Vikas Garg, Chairman, Policy Advocacy Committee, IIF in his welcome address mentioned that the CEOs meet has emerged as a very important platform for fruitful interaction amongst the captains of foundry industry for sharing their thoughts on various burning issues and for guiding policy initiatives including the policy advocacy with the Government.

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Theme of the Year

IIF FOUNDRY BULLETIN

The Institute of Indian Foundrymen

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

CEOs Meet Organized by IIF at

on 12th April, 2016 at Hotel ITC Maratha, Mumbai. Mr. Ajay Shankar, Former Secretary, DIPP was invited as the Chief Guest for interaction with the CEOs, which was attended by approx 40 participants from leading foundries besides other special guests from across

Policy Advocacy IIF in his welcome address mentioned

that the CEOs meet has emerged as a very important platform for fruitful interaction amongst the captains of foundry industry for sharing their vision and thoughts on various burning issues and for guiding policy initiatives including the policy advocacy with

Mr. Vikas Garg highlighted several outcomes of IIF’s policy advocacy in the recent past, such as, reduction in import duty of silica sand and brass scrap in the recent budget, clearance of several and mines in AP, re-categorization of foundries in orange category & consent to operate approval for 10 years and others. He also mentioned that IIF has also with the Ministry of Power for suitable amendments in the Electricity Act and with Ministry of Commerce for some of the inequitable FTAs. It was highlighted that a PR agency has been engaged for brand building and better image of foundry industry and IIF. He also appealed to CEOs to nominate their senior representatives for active interaction with the IIF and also to extend their support to various IIF initiatives. Mr. Vikas Garg also mentioned that a committee will be constituted which will be headRavi to co-ordinate with NIFFT Ranchi for skill development and another committee for coordinating

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Theme of the Year “Nurturing Manufacturing

IIF FOUNDRY BULLETIN Issue No. 1

IIF News…IIF News…IIF News…IIF News…


g/

r. Vikas Garg highlighted several outcomes of IIF’s policy advocacy in the recent past, such as, eduction in import duty of silica sand and brass

scrap in the recent budget, clearance of several and categorization of foundries in orange

category & consent to operate approval for 10 years and others. He also mentioned that IIF has also taken with the Ministry of Power for suitable amendments in the Electricity Act and with Ministry of Commerce for some of the inequitable FTAs. It was highlighted that a PR agency has been engaged for brand building and better image of foundry industry

IIF. He also appealed to CEOs to nominate their senior representatives for active interaction with the IIF and also to extend their support to various IIF

Mr. Vikas Garg also mentioned that a committee will be constituted which will be headed by Prof. B.

ordinate with NIFFT Ranchi for skill development and another committee for coordinating

Manufacturing”

Issue No. 175, Dt. 19th April, 2016


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

with CITD Hyderabad regarding low cost automation. He also stressed for the need for foundry specific research with Industry-Institute

President Mr. K. Samaraj in his special address mentioned that the CEOs meet is intended to hear the voices and concerns of the CEOs to guide IIF’s various initiatives. He informed that 4 focus areas have been shortlisted for the discussions & inputs from the CEOs present in the meet i.e. Markets, Technology, Skill Development & Environment. Markets – President Mr. K. Samaraj stated that while global growth projections are likely to be between 1-2%, India is poised for minimum growth of 7-7.5%. He raised question whether we should focus on domestic market or overseas market, especially when new sectors like defence and others are opening up. Mr. Rajiv Kumar of Simplex Castings stated that export is the need of country. Exports need to be encouraged by higher incentives. Mr. Kiran Patil of Ghatge Patil Industries Ltd. responded that profile of customers is highly mature and organized and most organized & professionally managed foundries have same quality & service levels for domestic buyers and importers. Mr. K Samaraj mentioned that in near futurewill consider developing training programmes on Costing techniques covering various factors which sometimes get overlooked which will guide & help the Foundrymen. Mr Amish Panchal mentioned that some effort was made about two years backreview & consider developing suitable training programme on costing techniques going forward as mentioned by President, IIF Technology – President Mr. K. Samaraj mentioned the importance of integrated production process, analysis of data, & control, and how we use the latest technologies like 3D printing, robotics, in process Quality Control to make our operations competitive and world class. Prof. Ravi dweltechnology changes in the area of foundries and how

Chief Guest Shri Ajay Shankar with IIF NOBs at the Head Table

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

with CITD Hyderabad regarding low cost automation. He also stressed for the need for foundry

Institute partnership.

President Mr. K. Samaraj in his special address mentioned that the CEOs meet is intended to hear the voices and concerns of the CEOs to guide IIF’s various initiatives. He informed that 4 focus areas have been shortlisted for the discussions & inputs

the CEOs present in the meet i.e. Markets, Technology, Skill Development & Environment.

President Mr. K. Samaraj stated that while global growth projections are likely to be

2%, India is poised for minimum growth question whether we should

focus on domestic market or overseas market, especially when new sectors like defence and others are opening up. Mr. Rajiv Kumar of Simplex Castings stated that export is the need of country.

her incentives. Mr. Kiran Patil of Ghatge Patil Industries Ltd. responded that profile of customers is highly mature and organized and most organized & professionally managed foundries have same quality & service levels for domestic buyers and importers.

mentioned that in near future, IIF will consider developing training programmes on Costing techniques covering various factors which

ill guide & help Mr Amish Panchal mentioned that

t was made about two years back. IIF will review & consider developing suitable training programme on costing techniques going forward as

araj mentioned the importance of integrated production process, analysis of data, & control, and how we use the latest technologies like 3D printing, robotics, in process Quality Control to make our operations competitive and world class. Prof. Ravi dwelt on technology changes in the area of foundries and how

it should be used to make foundry sector more competitive. He mentioned about smart Foundry and use of low cost sensors in data analytics for smart Foundry Prof. Ravi also informed about the project undertaken by them for smart foundry 2020, which is a five year demonstrative project. Skill Development – President, Mr. K Samaraj briefed the CEOs about various initiatives of skill development undertaken by IIF. He further informed that IIF has developed 9 modules on various operational areas of foundry operations which have been translated into 6 regional languages besides English and will cover 70workers working in foundries. 3 more modules are under progress. The trainers have been identified and the programme is expected to be launched at national level in June 2016. The training will be provided at the doorstep of the foundries having same standard throughout the country. Mr. Samaraj mentioned that in the first year IIF has been planned to train 1000 shop floor workers, which will be up scaled to 5000 in 2017 and 10000 per annum subsequently. Mr. Gumaste of Kirloskar Ferrous mentioned that the workers learn 80% from the supervisors and hence supervisor training should be done on priority. Mr. Kiran Patil suggested that IIF should sell training packages. He also suggested that IIF should develop training modules on cost effective technology, energy efficiency etc. Mr. K. Samaraj assured that going forward IIF will take these up.

Environment – President Mr. K. Samaraj mentioned that the foundry industry will have to focus on environmental protection, adoption of greener technology and needs to find solution for sand dumping. Mr. Ajit Mutha of Mutha Founders stated that sand recycling has been done by several units and waste sand is being used constructively for manufacturing bricks by adding cement etc. for construction purposes. Mr. Gumaste mentioned that most of the large foundries are having good environment systems already in place and therefore the categorization from red to orange should be extended to large foundries also for which detailed

Shri Ajay Shankar with IIF NOBs at the Head Table

CEOs during interactive session during the meet

g/

it should be used to make foundry sector more competitive. He mentioned about smart Foundry and use of low cost sensors in data analytics for smart Foundry Prof. Ravi also informed about the

t undertaken by them for smart foundry 2020, which is a five year demonstrative project.

President, Mr. K Samaraj briefed the CEOs about various initiatives of skill

evelopment undertaken by IIF. He further informed that IIF has developed 9 modules on various operational areas of foundry operations which have been translated into 6 regional languages besides English and will cover 70-80% of shop floor

n foundries. 3 more modules are under progress. The trainers have been identified and the programme is expected to be launched at national level in June 2016. The training will be provided at the doorstep of the foundries having same standard

e country. Mr. Samaraj mentioned that in the first year IIF has been planned to train 1000 shop floor workers, which will be up scaled to 5000 in 2017 and 10000 per annum subsequently. Mr. Gumaste of Kirloskar Ferrous mentioned that the

rom the supervisors and hence supervisor training should be done on priority. Mr. Kiran Patil suggested that IIF should sell training packages. He also suggested that IIF should develop training modules on cost effective technology,

Mr. K. Samaraj assured that going forward IIF will take these up.

President Mr. K. Samaraj mentioned that the foundry industry will have to focus on environmental protection, adoption of greener technology and needs to find solution for

dumping. Mr. Ajit Mutha of Mutha Founders stated that sand recycling has been done by several units and waste sand is being used constructively for manufacturing bricks by adding cement etc. for construction purposes. Mr. Gumaste mentioned that

e large foundries are having good environment systems already in place and therefore the categorization from red to orange should be extended to large foundries also for which detailed

CEOs during interactive session during the meet

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

justification is required. Mr. Ajay Shankar, Chief Guest in his concluding remarks appreciated the IIF initiatives on training and suggested that graphics may be added suitably to make the training more attractive and easy to assimilate. He mentioned that this is an unique initiative by IIF which is probably the first of its kind by any industry association. He also noted the various outcomes of policy advocacy and mentioned that IIF can possibly take up regarding identification of pollution norms, system of compliance etc. He also stressed the need of ability to disseminate internally information on latest technologies and best practices. Mr. D S Chandrashekar of Shanthala Spherocast mentioned that power & labour cost are only going up in Karnataka. Responding to this, Mr. Ajay Shanker stated that industrial tariff in India is much higher as compared to US and China. He also mentioned that foundry industry may go for captive power generation & take up policy advocacy with SERCs and get special relaxation. The meeting concluded with vote of thanks to CEOs.

SOURECON 2016 The 26th edition of SOURECON 2016 would be held in CHENNAI on 28th May 2016. The organizers have chosen the Theme as: "NURTURING MANUFACTURING THROUGH INNOVATION' an extension from that of 64th IFC. Foundry Equipment manufacturers and service providers are invited to present their papers and presentations during the occasion. All are welcome for this event which is aimed at focusing on the finer part of “Nurturing Manufacturing through Innovations” with representations from leading manufacturers spread over the Globe. The chosen areas of such Innovations are: 1. 3-D printing 2. Methoding through Simulation 3. Innovative technologies on foundry process 4. Innovative technologies in Resin Binders 5. Software on control Sandsystem 6. Automation in Fettling Solutions You are therefore requested to seize the opportunity to have direct rapport with the end users by your

display/ presentations. Any other new developments in this field to increase the productivity with accuracy can also be incorporated on receipt of your willingness. Prime Donors or exclusive Banner presentations are also planned to show case their domination in Innovative Technology to “Nurture Manufacturing”. For registration/ participation, you may write to the co-ordinator Mr. K.Balasubramanian via email :

[email protected]

IIF In News

The Hindu, 14th

April, 2016, Mumbai


Also Available at following offices:- Kolkata – Email: [email protected] Tel: 033-24424489

Chennai – Email: [email protected] Tel: 044- 26220196, 42187119

Mumbai – Email: [email protected] Tel: 022-26591308

Pune – Email: [email protected] Tel: 020-25437374, 25422902


• Indian containerized Shredded Scrap import prices remain flat

• Indian containerized Shredded Scrap import prices remain flat

• US scrap exporters lift offers as markets strengthen

• Pig iron imports into Turkey rise as local prices jump

• LME copper, aluminum lower on speculative selling

• S.G. cast iron prices soaring with supply still tight in china

Approx Major Raw Material Prices

ITEMS

Price

09.04.2016

Rs./Kg

(Incl.

Excise)

Price

16.04.2016

Rs./Kg

(Incl.

Excise)

Pig Iron 28 28

Melting Steel Scrap 21.0 21.8

CRCA Scrap 24.5 24.8

Copper Ingot 264 266

Aluminum Ingot 135 135

Automotive Mission Plan 2006-16 ends on a Positive Note, Industry Achieves Some Targets and Misses a few marginally The industry produced a total 23,960,940 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-March 2016 as against 23,358,047 in April-March 2015, registering a marginal growth of 2.58 percent over the same period last year. Domestic Sales The sales of Passenger Vehicles grew by 7.24 percent in April-March 2016 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicles and Vans grew by 7.87 percent, 6.25 percent and 3.58 percent respectively during April-March 2016 over the same period last year. The overall Commercial Vehicles segment registered a growth of 11.51 percent in April-March

2016 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) registered a growth at 29.91 percent and Light Commercial Vehicles grew marginally by 0.30 percent during April-March 2016 over the same period last year. Three Wheelers sales grew by 1.03 percent in April-March 2016 over the same period last year. Passenger Carrier sales grew by 2.11 per cent & Goods Carrier sales declined by (-) 3.62 percent respectively in April-March 2016 over April-March 2015. Two Wheelers sales registered a growth at 3.01 percent during April-March 2016 over April-March 2015. Within the Two Wheelers segment, Scooters grew by 11.79 percent while Motorcycles and Mopeds dropped by (-) 0.24 percent and (-) 3.32 percent respectively in April-March 2016 over April-March 2015. Exports In April-March 2016, overall automobile exports grew by 1.91 percent. Passenger Vehicles, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 5.24 percent, 16.97 percent (-) 0.78 percent and 0.97 percent respectively in April-March 2016 over April-March 2015.

Hero MotoCorp to begin production at Chittoor plant in AP by Dec 2018 PTI reported that more than a year-and-a-half after it signed an MoU with the Andhra Pradesh government, Hero MotoCorp Ltd (HMCL) has submitted plans to begin production at its proposed plant in Chittoor district of the state. According to the plan, the two-wheeler giant will commence production of 5 lakh units (per annum) in the first phase by December 2018 with an investment of INR 800 crore. Mr M Girija Shankar, state's Industries Secretary, said that it will add another 5 lakh units to its production capacity in the second phase by December 2020, and an additional 8 lakh units in the third phase by December 2023 with an investment of Rs 800 crore for both the phases. However, HMCL will provide employment to 1,500 people in the first phase and another 3,500 in the subsequent phases. The company had signed a Memorandum of Understanding with the Andhra Pradesh government

News headlines…News headlines…News headlines…News headlines…

In the news…In the news…In the news…In the news…


in September 2014 for setting up a two-wheeler manufacturing facility at Madannapalem in Chittoor district. The plant would come up close to the existing Sri City Special Economic Zone. This was the first major project in the manufacturing sector that the Chandrababu Naidu government succeeded in attracting to the state post bifurcation (of the state in 2014). HMCL informed the government in a letter on March 31 that the upcoming plant would be state-of-the-art and deploying robotics, cutting edge manufacturing technology and green building technology and it would be made a manufacturing hub for two-wheelers for east and south Asia. HMCL also promised an investment of another INR 1,600 crore for development of ancillary units that could create direct and indirect employment for 15,000 people. The firm said that in addition to this, employment for 2,000 people would be created by the supply chain partners in Phase-I and would go up to 6,500 at the final stage of expansion. The state government also agreed to allocate another 200 acres of land within a radius of 25-35 kms of the mother plant for the proposed ancillary units, that are expected to commence production in the first phase by December 2019 with an investment of INR 400 crore.

What RBI could do to help exporters Lastweek, theReserveBankof India’s (RBI) monetary policy report said global economic activity had slackened further and international trade remains subdued, while downside risks had increased. Weak demand and soft commodity prices have rekindled fear of deflation in some key advanced economies, prompting renewed divergence in monetary policy stances. With fragile domestic fundamentals, emerging market economies remain vulnerable to swings in market sentiment and capital outflow, said the report. However, RBI took no specific steps to help exporters in such a difficult situation. Perhaps it feels enough has been done already by extending the interest equalisation scheme on pre-shipment and post-shipment rupee export credit for five years, with effect from April 2015, for micro, small and medium enterprises, and 416 tariff lines.

The contraction in merchandise exports ease to a single digit on a year-on-year basis in the March quarter. Net export turned to a positive 0.1 per cent, falling 1.5 per cent as compared to imports going down by 1.6 per cent. Also, export revival has more to do with competitiveness and not minor concessions. So, RBI might feel nothing much needs to be done by it. At the first meeting of the newly-constituted Board of Trade, one of the members, Ramu Deora, asked for interest on the Exchange Earner’s Foreign Currency (EEFC) account that exporters maintain. He says this facility, available earlier but withdrawn in 2008, deserves to be brought back. A nominal interest of Libor plus 100 basis points (bps) on EEFC balances can help exporters cope with the high cost of credit and minimise loss due to currency volatility. Banks can lend the EEFC balances to exporters at Libor plus 150 bps, making it easier for exporters to get credit and banks to make a nominal profit, he says. RBI could look afresh at this suggestion. Of course, if this interest on EEFC accounts is taxed, that will take away part of the benefits to exporters. In fact, when the facility of interest on EEFC accounts was available, many exporters claimed a deduction on this, as business income related to exports under Section 80 HHC of the Income Tax Act. However,the authorities disallowed such claims and much litigation on this issue is pending in various courts. The matter has not acquired finality, as different courts have come out with different judgments. The finance ministry says it is committed to a non-adversarial tax regime. RBI has asked banks to simplify procedures so as to provide timely and adequate credit to exporters. And, to render essential customer services on procedural formalities and export opportunities to clients. Banks have been asked to open export counsel offices to guide exporters, particularly the small ones and those taking up non-traditional export. However, these instructions do not seem to be working very well in all banks. In particular, small exporters are facing more problems, especially when their export proceeds are delayed. So, RBI should monitor export credit offtake and how well banks implement its instruction. The present procedure to monitor realisation of export proceeds for every shipment above $25,000 also deserves a review.


Strikes Could Break Mine Industry MINING production plummeted in February compared with a year ago, and economists have warned that a strike would bring the struggling sector to its knees. The sector, a major contributor to economic output, is under pressure from rising input prices, weak demand and low global commodity prices. Mining output contracted sharply by 8.7% in February compared with a year ago after a 5.5% contraction in January, Statistics SA data showed on Thursday. The decline was the largest contraction since December 2012, when mining production fell 9.2% due to a strike in Marikana. With mineworkers heading for wage talks in a few months, and given a history of protracted strikes in the sector, there are concerns a strike would add to the sector’s woes and curb economic growth. "A strike would provide yet another damaging blow to the sector, which is still struggling to recover from the crippling industrial action that brought it to a standstill in 2014, and further jeopardise the already highly fragile state of employment in the industry this year," BNP Paribas Securities economist Jeff Schultz said. The mining and quarrying sector shed 14,000 jobs to 462,000 workers in the fourth quarter last year, according to Stats SA data. Many mining firms had indicated that they intended to shed jobs this year, a move that would anger SA’s "often combative" labour unions, said Capital Economics Africa economist John Ashbourne. Wage demands would likely increase as inflation picked up, he said. Mining and manufacturing together account for just more than 20% of gross domestic product (GDP), and so, output in these sectors is an important indicator of economic growth. Other sectors, such as retail, were still showing stronger growth compared to mining and manufacturing, which should still support growth, economists said. Capital Economics’ GDP tracker, which estimates economic growth based on incoming data, suggested that the domestic economy had just managed to eke out positive growth in February, and that growth would probably be positive, but very weak in the

first quarter. The outlook for the mining sector for this year remained poor, Nedbank economist Busisiwe Radebe said. Global conditions, especially in China, the biggest export market for SA’s mining industry, lower commodity prices, weak demand and possible labour instability would possibly contain mining output growth, she said. The main negative contributors to the decrease in production were iron ore, platinum group metals and manganese ore. Production declines were offset by higher gold output, Stats SA said. Mineral sales fell 1.5% year on year in January, with the largest negative contributors being iron ore, manganese ore and chromium ore.

Copper and nickel strengthen in India on industrial demand Press Trust of India reported that Copper and nickel prices edged up by Rs 2 per kg at the non-ferrous market today due to increased industrial demand amid a firm global trend. Traders said apart from a firm global cues, pick up in demand from consuming industries helped copper and nickel prices to trade higher. Zinc ingot Rs 96-102 Nickel plate (4x4) Rs 836-841 Gun metal scrap Rs 227 Bell metal scrap Rs 229 Copper mixed scrap Rs 362 Chadri deshi Rs 295 Lead ingot Rs 82 Lead imported Rs 88 Aluminium sheet cutting Rs 150 Aluminium wire scrap Rs 150 Aluminium utensils scrap Rs 148

Indian containerized Shredded Scrap import prices remain flat India containerized shredded scrap import prices remained flat week on week during the week ended March 25, while India's major plastic scrap prices on Scrap Register Price Index showed an up trend. According to TSI, containerized shredded index for Indian imports remained flat to finish the week at


$223 on CFR Nhava Sheva port. Demand for scrap remained strong, although, with the bulk of cargoes booked a few weeks ago from the US now arriving on Indian shores, some traders feel this could now dampen containerized demand in the short term. The major plastic scrap commodities remained higher on Scrap Register Price Index during the week. The plastic scrap commodities like ABS(bayr), API, HD Blowing, Hips(Baff), LLDP Blowing, PVC pest grade and PVC resin desi traded up during the week.

DMG MORI USING 3D PRINTER, CNC

MILL HYBRID TO PRODUCE PORSCHE

PARTS DMG Mori, a German manufacturer of cutting machine tools, is using its LASERTEC hybrid 3D printer and CNC mill to produce components for Porsche racing cars. The company is predicting an imminent and dramatic rise in 3D printing technology within the automotive and aerospace industries. The automobile industry has swerved to the left and is driving down a new lane—a faster lane. With more and more auto components being 3D printed, often to great effect, the whole industry is racing to catch up with additive manufacturing technology and its wide range of potential uses. Take the case of DMG Mori for instance, one of Europe’s foremost machine tool manufacturers, which has been using 3D printing to make parts for Porsche, the iconic German automobile company. The implementation of 3D printing technology has greatly improved efficiency within the company, and has enabled workers to create physical products in a matter of hours, rather than weeks or months. "In the past, the whole process—from concept to production—could take six weeks or more," said DMG Mori CEO Rüdiger Kapitza.” Today, you can make a design on the computer at midday, and have the finished component in your hand by the evening.” In actual fact, Bielefeld-based DMG Mori even has the ability to use a combination of additive and subtractive manufacturing techniques to

produce its fine-tuned parts for Porsche and other clients. Using its all-in-one LASERTEC machine, the German company has been able to create 3D printed parts, before cutting and sculpting those parts using CNC milling technology—all within a single device. Thanks to innovative technology such as that found in the LASERTEC 3D printer / CNC mill hybrid, 3D printing is becoming a more and more central part of the DMG Mori enterprise, both creatively and financially. In 2015, the company’s additive manufacturing products and services resulted in a turnover of 70 million euros, a figure expected to rise to 100 million euros this year.

Modified Industrial Infrastructure

Upgradation Scheme

1. Introduction 1.1 Industrial Infrastructure Upgradation Scheme (IIUS) was launched in 2003 as a Central Sector Scheme to enhance competitiveness of industry by providing quality infrastructure through public private partnership in selected functional clusters. Central assistance upto 75% of the project cost subject to a ceiling of Rs. 50 crore was given for each project. Total 30 projects were sanctioned under IIUS -2003. 1.2 Based on the outcome of an independent evaluation and experiences gained during the implementation, the Scheme was recast in February, 2009 to make it more effective through increased focus on technological upgradation and provisions to avoid initial teething problems for new projects. 9 projects have been sanctioned under Recast IIUS -2009. 1.3 The Scheme had an allocation of Rs. 675 crore during the 10 th Plan and Rs. 1050 crore for the 11th Plan. A total of 39 projects have been sanctioned with a total project cost of Rs. 2549 crore with central grant component of Rs. 1524 crore. 1.4 In 2011, the Recast IIUS was evaluated for its effectiveness and continuation in the 12th plan period by the National Productivity Council (NPC). The NPC which conducted the

Government schemes...Government schemes...Government schemes...Government schemes...

International news…International news…International news…International news…


evaluation, found the Scheme to be effective in enhancement of competitiveness of industry, improvement of environment in industrial areas and employment generation in the traditional industry clusters. It was recommended to continue the Scheme in the 12thFive Year Plan period with suitable modifications, to overcome operational hurdles and ensure timely completion of projects. 2. Objective The key objective of the Modified IIUS continues to be to enhance competitiveness of industry by providing quality infrastructure to catalyse and promote industrial growth, employment generation and technology upgradation. 3. Scope 3.1 Projects would be sanctioned to upgrade infrastructure in Industrial Estates/Parks/Areas and greenfield projects could be supported in backward areas, including NER. However, PRIORITY would be given to upgrade infrastructure in existing cluster over Greenfield cluster.

For more details kindly click on http://dipp.nic.in/English/Schemes/IIUS/IIUS_modified_01August2013.pdf

Domestic

International

MINISTRY OF FINANCE, DEPT. OF REVENUE

Notification No. 48/2016 - Customs (N.T.), dated 7th

April, 2016

Rate of exchange of one unit of foreign currency

equivalent to Indian rupees, with effect from 8th

April, 2016

http://www.cbec.gov.in/htdocs-cbec/customs/cs-

act/notifications/notfns-2016/cs-nt2016/csnt48-

2016

MINISTRY OF FINANCE, DEPT. OF REVENUE

Notification No. 54/2016 - Customs (N.T.), dated

13th

April, 2016

Tariff Notification in respect of Fixation of Tariff

Value of Brass Scrap & others

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

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

nt2016/csnt54-2016.pdf

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.

From.: 10th to 12th

August, 2016 Venue: Pragati Maidan,

New Delhi

URL:

http://www.mmmm-expo.com/

65th IFC and IFEX 2017

From.: 3rd to 5th

February, 2017

Venue: Eco Park, Kolkata

URL:

https://www.youtube.c

om/watch?v=WqQFQS4qFDc

From.: 17th

to 20th

May,

2016

Venue: China

International Exhibition Centre,

Beijing

URL: http://www.mm-

china.com/EN/

From.: 25th

to 27th

Oct,

2016 Venue: Jakarta

International Expo,

Kemayoran, Indonesia

URL: http://www.indometal.

net/

From.: 24th

to 25th

Nov,

2016

Venue: MARITIM KONFERENZHOTEL

DARMSTADT

URL:

http://www.casttec2016.com/

Upcoming Upcoming Upcoming Upcoming Events…Events…Events…Events…

Notifications/ circulars…Notifications/ circulars…Notifications/ circulars…Notifications/ circulars…

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