The Association of Indian Forging Industry (AIFI) the apex body of the Indian forging industry kickstarted the 7th edition of Asia Forge at Chennai

The Association of Indian Forging Industry (AIFI) the apex body of the Indian forging industry kickstarted the 7th edition of Asia Forge at Chennai

The Association of Indian Forging Industry (AIFI) the apex body of the Indian forging industry kickstarted the 7th edition of Asia Forge at Chennai

The Association of Indian Forging Industry (AIFI) the apex body of the Indian forging industry kickstarted the 7th edition of Asia Forge at Chennai today. The two-day long event was inaugurated by Sajjan Jindal, chairman and MD, JSW group and Dr Ashok Jhunjhunwala, professor at IIT Madras delivered the key note address. Also present on the occasion were the host of Asia Forge 2019, the Association of Indian Forging Industry (AIFI), rep resented by S Muralishankar, president, AIFI, R Sivaparasad Reddy, vice-president, AIFI, Abhay Raj Kapoor, convenor Asia Forge 2019 and Vikas Bajaj, co-convenor, along with the managing committee members.

As per a survey conducted by the forging association in September 2017, the estimated turnover of the 378 fun ctional forging units across India in FY2016-17 was Rs 31,189 crore providing em plo yment to over 200,000 people in the country. The report also su ggests that the installed capacity also increased from 37.6 lakh MT in FY2014-15 to 38.5 lakh MT with overall production of forgings increased from 22.5 lakh MT to 23.9 lakh MT.

Backed by surge in overall auto sales last year and renewed thrust on infrastructure development, AIFI predicts impressive growth for the Forging Industry and anticipates around 10 percent demand growth in the year 2019. The 2019 edition marks India hosting the industry meet after a gap of 10 years in its 7th edition, AIFI had earlier hosted the second Asia Forge meeting in 2008 in Delhi. This year’s is been designed to showcase the latest tren ds in the global forging industry and give participants an opportu nity to keep abreast of new developments and best practices in the industry across the globe.It is also an ideal platform for the Indian forging industry to show case its technological prowess, network and interact with glo bal experts and strengthen bonds with internation al forging associations.

Speaking on the occasion S Muralishankar, said,

“Hosting of the 7th Asia Forge in India, after a gap of over 10 years, is a truly momentous occasion for the Indian forging industry. Our decision to host the event was to faci litate our industry, to acq uaint ourselves with the latest trends and technologies in the glo bal forging industry with the expectation of bench marking some of the best practices and displaying India’s technological prowess and engineering capabilities to the global experts. The Indian for ging industry is faced with some truly intere sting and challenging years ahead and the Asia Forge platform will help us to be prepared for future opportu nities.”

The even sees a range of interesting and in-depth technical and business programs for its participants, covering topics ranging from tooling to automation, including overviews of the forging industry in different countries in Asia. Participation from over 14 countries will be represented at the Asia Forge 2019 including China, Japan, Tai wan, Korea, Germany, Italy, France and Belgium among others. Additionally, it will also witness an exhibition wh ich will see 75 companies displaying their products and services.

According to AIFI the Indian forging industry is looking at Asia Forge 2019 and the experience of global experts therein, for answers on evolution, modernisation, technologies and cost ratio nalis ation, to meet the growing de mands in the years ahead. Other key areas that will be discussed over the next few days are – coping with the la ck of skilled manpower, optimal utilisation of raw material in order to meet the challenges on competitiveness. All of these are expected to be discussed thre adbare, with innovative solutions being sought for all.

Sharing his thoughts R Sivaparasad Reddy, said,

“We believe that the Asia Forge 2019 will play a critical role in strengthening the bonds amongst Global Forging Associations. These meetings have always played an important role in the evolution of the forging industry acr oss the world and shall continue to do so by providing colla bor ative platforms to address the challenges faced by the industry. This is also a recognition of the Indian forging in dustry’s strong management, engineering and technical capabilities, that have helped us to become esta blis hed suppliers to the global automotive and other key industries. We now could build on this strong foun dation and further consolidate our position.”