Download - Bulletin Supported By:- · PDF file15th August 2017, At PSG IMS&R Auditorium. ... Limited Advertisement in the case study ... Maruti chairman

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Email: fic@indianfoundry

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

1

Issue No. 243

12.09.2017

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Report- Seminar on “Green Sand Moulding Practice” held on 22nd

2017 Seminar on “Green Sand Moulding Practice" was conducted at IIF Seminar Hall, Coimbatore Chapter, Coimbatore on 22nd August 2017, Tuesday. 24 Participants participated in the technical seminar. Mr. J. Ganeshkumar, Chairman, IIF Chapter gave the Welcome address and also introduced the speakers for the technical seminar. Objective of the Seminar: The term GREEN SAND comes from the that the sand is bonded with a mixture of clay and water and the water is not driven out or fired prior to its use – (D.F.Hoyt, AFS Transactions). This is very similar to the green ware in ceramics where the term “green” means that the ceramic has not been fired or dried in a kiln. Topics Covered in Seminar:

1. Characteristics of Green Sand Molding2. Types of Molding sand 3. Shape of Molding sand 4. Green Sand Molding System 5. Properties and Testing of Green Sand

Molding 6. Equipments and process of Green Sand

Molding 7. Process control in Green sand System8. Casting Defects in Green Sand Molding

Speaker: Mr. P. Periannan, GM Foundry Production M/s. Magna Electro Castings Ltd., Coimbatore Dr. M.Arasu, Hon. Secretary, IIF Coimbatore Chapter gave the vote of thanks. 67th National Foundry Day Celebrations by IIF Coimbatore Chapter The Institute of Indian Foundrymen Coimbatore Chapter Celebrated its National Foundry Day on 15th August 2017, At PSG IMS&R Auditorium. 520 members participated during the celebrations.

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Seminar on “Green Sand nd August

Seminar on “Green Sand Moulding Practice" was conducted at IIF Seminar Hall, Coimbatore Chapter, Coimbatore on 22nd August 2017,

articipated in the

Ganeshkumar, Chairman, IIF Coimbatore Chapter gave the Welcome address and also introduced the speakers for the technical

The term GREEN SAND comes from the fact that the sand is bonded with a mixture of clay and water and the water is not driven out or

(D.F.Hoyt, AFS Transactions). This is very similar to the green ware in ceramics where the term “green”

t been fired or

Characteristics of Green Sand Molding

Properties and Testing of Green Sand

Equipments and process of Green Sand

Process control in Green sand System Casting Defects in Green Sand Molding

Mr. P. Periannan, GM Foundry Production M/s. Magna Electro Castings Ltd., Coimbatore

M.Arasu, Hon. Secretary, IIF Coimbatore

National Foundry Day Celebrations

The Institute of Indian Foundrymen Coimbatore Chapter Celebrated its National Foundry Day on 15th August 2017, At PSG IMS&R Auditorium. 520 members participated during the

Mr. J.Ganesh Kumar, Chairman, Coimbatore Chapter welcomed the members and their respective family members Foundry Day Celebration.

Mr. J. Parthiban, Treasurer, IIF Chapter introduced the Chief Guest Mr.Mahendra Ramdas, ManagiMahendra Pumps (P) Limited, Coimbatore. Mr. G. Ezhil, Vice Chairman, Coimbatore Chapter Introduced Guest of Honor Mr. Varalotti Rengasamy . Mr. S. Kuppusamy, National Treasurer Welcomed the Chief Guest Mr.Ramdas and Mr. RamasamySouthern Region Welcome the Guest of Honour Mr.Varalotti Rengasamy.

Mr. S. Kuppusamy, National Treasurer, Gave a brief presentation and he also announced the awardees list with their brief profile. Awards were presented by Mr.(Chief Guest) and Mr(Guest of Honour).

2

J.Ganesh Kumar, Chairman, Coimbatore the members and their

respective family members for the National Foundry Day Celebration.

Parthiban, Treasurer, IIF - Coimbatore Chapter introduced the Chief Guest Mr. Mahendra Ramdas, Managing Director,

) Limited, Coimbatore.

Ezhil, Vice Chairman, Coimbatore Chapter Introduced Guest of Honor Mr.

Kuppusamy, National Treasurer Welcomed the Chief Guest Mr. Mahendra

Ramasamy, Chairman, Southern Region Welcome the Guest of Honour Mr.Varalotti Rengasamy.

Kuppusamy, National Treasurer, Gave a brief presentation and he also announced the awardees list with their brief profile. Awards were presented by Mr. Mahendra Ramdas

hief Guest) and Mr. Varalotti Rengasamy

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Workshop to improve production efficiency for EEPC member companies and to facilitate technology joint ventures with Canadian auto-manufacturers. This is to inform that a workshop to factechnical and business collaboration between Canadian and Indian auto component companies is being held in pune as per the following details Date: Wednesday, September 20, 2017Time: 6:30 pm onward (Followed by dinner)Venue: Orbett Hotels, 1238/2 Apte Road, Deccan Gymkhana, Shivajinagar, Pune 411004. The Workshop is being jointly organised by EEPC INDIA and the Consulate General of Canada in Mumbai for facilitating business collaboration between EEPC India members and Canadian companies. The objective of the workshop is to improve production efficiency for EEPC member companies and to facilitate technology joint ventures with Canadian companies. JIT Automation Inc which has been in business in Canada for over 30 years promoting and selling efficiency improvement equipment to the automotive and metal stamping industries and OEMs such as GM, FCA, Tesla, Honda, Toyota is visiting India and a team of experts from JIT Automation Inc will be conducting the workshop. During the workshop, you will hopportunity to interact with the team of experts from JIT Automation Inc and discuss production improvement on the shop floor through improved setup procedures and quick die change program which results in minimised scrap production and improved parProduction techniques to respond to changing customer needs with the least lead time will also be discussed at the workshop. There is no registration fee for workshop participants and all necessary materials will be provided. As space is limited, your confirmation of attendance will be greatly appreciated at email [email protected] by September 15, 2017 in the below format.

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shop to improve production efficiency for EEPC member companies and to facilitate technology joint ventures

-component

This is to inform that a workshop to facilitate technical and business collaboration between Canadian and Indian auto component companies is being held in pune as per the

Wednesday, September 20, 2017 (Followed by dinner)

2 Apte Road, Pune 411004.

The Workshop is being jointly organised by EEPC INDIA and the Consulate General of Canada in Mumbai for facilitating business collaboration between EEPC India members and

bjective of the workshop is to improve production efficiency for EEPC member companies and to facilitate technology joint ventures with Canadian

JIT Automation Inc which has been in business in Canada for over 30 years promoting and

ficiency improvement equipment to the automotive and metal stamping industries and OEMs such as GM, FCA, Tesla, Honda, Toyota is visiting India and a team of experts from JIT Automation Inc will be conducting the

During the workshop, you will have an opportunity to interact with the team of experts from JIT Automation Inc and discuss production improvement on the shop floor through improved setup procedures and quick die change program which results in minimised scrap production and improved part quality. Production techniques to respond to changing customer needs with the least lead time will also be discussed at the workshop.

There is no registration fee for workshop y materials will be

ited, your confirmation of attendance will be greatly appreciated at

by September 15,

Name of the Participants:Name of the Company:Item Manufactured: Email Id: Mobile No: If you require additional information on the subject, Please feel free to contact Mr. Kishor Mundargi, Trade Commissioner, Consulate General of Canada at [email protected] Looking forward to your active participation. Appeal for Advertisement, Business Promotion Slots We are glad to inform you that 66th Indian Foundry Congress with IFEX & Cast India expo will be held at the new venue Helipad Ground, Gandhinagar, Ahmedabad. Dates: 10-12 January, 2018Expected Registered DelegatesExhibitors: 250+ Visitors: 10,000 + We are glad to inform you that IFEX Exhibition is almost full. This time we have planned to take an event at next level involpartners. Event Supporters : Till now following groups have consented. WFO (World Foundry Organization)Amafond (Italian Foundry Suppliers Association) Assofond (Italian Association of Foundry)Russian Foundry AssociationBRICS Foundry ForumMedia Partners: Foundry Planet Foundry Gate Foundry magazine 1. Business Promotional Slot We appeal you to become Event Supporter the largest event of Foundry Industry in India. List of various business promotion slots is attached. Please see attachslots, for complimentary benefits against Diamond (Above Rs 10 lakhs),

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Name of the Participants: Name of the Company:

If you require additional information on the subject, Please feel free to contact Mr. Kishor Mundargi, Trade Commissioner, Consulate General of Canada at email

ternational.gc.ca

Looking forward to your active participation.

or Advertisement, Business

We are glad to inform you that 66th Indian Foundry Congress with IFEX & Cast India expo will be held at the new venue Helipad Ground, Gandhinagar, Ahmedabad.

12 January, 2018 Expected Registered Delegates: 1500-1700

We are glad to inform you that IFEX Exhibition This time we have planned to

take an event at next level involving global

Event Supporters : Till now following groups

WFO (World Foundry Organization) Amafond (Italian Foundry Suppliers

Assofond (Italian Association of Foundry) Russian Foundry Association BRICS Foundry Forum

1. Business Promotional Slot

We appeal you to become Event Supporter of the largest event of Foundry Industry in India. List of various business promotion slots is attached. Please see attached table “H” in the slots, for complimentary benefits against

(Above Rs 10 lakhs), Platinum

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(Between Rs 7-10 lakhs), Gold (Between Rs 3lakhs) & Silver (Rs 1-3 lakhs) Categories. We are finalizing hard copy of brochure in a week time. Kindly send your acceptance with group logo to put on the web and also to print for global publicity from now. We request you to accept the package for Gold to Diamond Category. We will be glad to offer best combo as per your budget. Kindly send your acceptance. 2. Co- Sponsorship for case study volume : “Journey To The Centre of The Melting Pot” As a single sponsorship slot, we invite your kind attention towards Slot No.1 which is going to be a memorable reference book for the current and next generation of the foundrymen. This volume will have a long shelf life and your Cosponsorship of Rs. Seven Lakhs (USD 12000*/Euro 10,000), will be seen as a support to the foundry fraternity. More than 100 case studies are received making the volume as the reference book for next generation. Please don’t miss this opportunity. 3. Limited Advertisement in the case study volume (Just Rs 15,000/USD 350/Euro220+ GST). Please ask for pro forma invoice to release an advertisement as per the rates given in Aand get publicity for years. Last Date: 30th October, 2017.

(Page size: 215mm X 280mm, Print area:175mm X 240mm, Format : PDF or JPEG) Registration: Delegate Registration will start from 1st Sept, 2017. GST will be extra as applicable on all tariff/slots.Pro forma invoices will be sent on selection of your business promotion slot. Looking forward to your participation and support in this largest event of Indian Foundry Industry. We will be glad to furnish more info

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(Between Rs 3-7 3 lakhs) Categories.

We are finalizing hard copy of brochure in a nd your acceptance with

group logo to put on the web and also to print

We request you to accept the package for Gold to Diamond Category. We will be glad to offer best combo as per your budget. Kindly send

Sponsorship for case study volume : “Journey To The Centre of The Melting Pot”

As a single sponsorship slot, we invite your kind attention towards Slot No.1 which is going to be

k for the current and next generation of the foundrymen. This volume will have a long shelf life and your Co-sponsorship of Rs. Seven Lakhs (USD 12000*/Euro 10,000), will be seen as a support to the foundry fraternity. More than 100 case

ed making the volume as the reference book for next generation. Please

3. Limited Advertisement in the case study volume (Just Rs 15,000/USD 350/Euro220+

Please ask for pro forma invoice to release an per the rates given in A-1,

215mm X 280mm, Print area:175mm X 240mm, Format : PDF or JPEG)

: Delegate Registration will start

tra as applicable on all tariff/slots. Pro forma invoices will be sent on selection of

Looking forward to your participation and support in this largest event of Indian Foundry

We will be glad to furnish more information.

Please Reply to: Subodh Panchal, Co-ChairmanEmail: [email protected]@ifcindia.netMob: +919824015380 Jagat Shah, Chairman Email: [email protected]: (P.A.: 9377065792) Contact Secretariat, 66th IFC atC/O Plot, 46/Phase-1, GIDC, Opp. Kiran Bus Stop, Vatva, Ahmedabad

Queries for Casting

Approx Major Raw Material Prices

Item

Descripti

on

Company

Name

Address

Winch

Drum in

SG Iron

wt. 80-

100Kg

VE

Commerci

al

Vehicles

Ltd

Plot No.. 7, HSIDC

Indl. Area,

18, Gurgaon

122015 E

[email protected]

Phone no:

4627300

Fax :

4382148

Investment

Casting - Non

Ferrous

NADI

Airtechni

cs Pvt.

Ltd.

Unit

9/11, 9/12, 11

GNT Road,

Thiruvallur Dist

600067, Tamil

Nadu E

[email protected]

om

Phone no:

27984796 / 97

Fax :

ITEMS

01

Pig Iron (Mumbai)

Melting Steel Scrap

CRCA Scrap

Copper Ingot

Aluminum Ingot

4

Chairman [email protected]

[email protected]

ah, Chairman [email protected]

Mob: (P.A.: 9377065792)

Contact Secretariat, 66th IFC at 1, GIDC, Opp. Kiran Bus

Stop, Vatva, Ahmedabad – 382 445

Queries for Casting

Approx Major Raw Material Prices

Address/ Contact

Conta

ct

Perso

n

Plot No.. 7, HSIDC

Indl. Area, Sector-

18, Gurgaon-

122015 E-mail.:

[email protected]

Phone no:+91 124

4627300

Fax : +91 124

4382148

Mr.

Rajesh

Kumar

Unit-V, Sv. No.

9/11, 9/12, 114/1A

GNT Road,

Thiruvallur Dist-

600067, Tamil

Nadu E-mail.:

[email protected]

om

Phone no:+91 44

27984796 / 97

Fax :

Mr. N.

Mohan

Price 01.09.2017

Rs./Kg (Basic

Price Excl GST)

Price 08.09.2017

Rs./Kg (Basic

Price Excl GST)

31.0 31.0

26.5 26.5

29.5 29.5

413 418

151 152

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


Report- Study Tour at Mahindra Total 29 members from all the foubenefited to learn from the presenton TPM & Mahindra’s approach tow

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a & Mahindra organized by IIF on 8th Sep

ur regions of IIF attended this study tour. tations made by Mr. Amar Patil, Head Foudn

wards Zero Defect.

5

ept., 2017

Delegates got immensly nry Division and his team

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News Headlines..

• Indian Brass, Copper Scrap prices show

steady trend • India imposes first-ever steel CVD duty on

stainless • Indian Base metals: Copper, n

muted demand • Indian ferrosilicon price increases• Brazilian ferrous scrap prices stable amid

firm demand • Chinese ferromolybdenum prices show

uptrend • Chinese ferrotungsten producers raise

prices • Chinese Scrap Metal Prices Reveal Mixed

Trend on Index • US H1 scrap prices remain stable for four

consecutive weeks

In the News..

Can’t force customers to buy electvehicles: RC Bhargava, Maruti chairman

Maruti Suzuki chairman RC Bhargava said road transport minister Nitin Gadkari's call for an end to automobiles driven by fossil fuels shouldn't be interpreted literally but as a statement of intent on implementing the government's plato only sell vehicles running on electricity by 2030. While Maruti supports the government's intent, he said the company can't force the customer

to buy electric vehicles (EVs). "Unless the EV is good for the customer, I can't push him to buy

Bhargava said the concern that the government wasn’t hearing some segments of the auto industry needed to be addressed.

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Indian Brass, Copper Scrap prices show

ever steel CVD duty on

ickel slide on

Indian ferrosilicon price increases Brazilian ferrous scrap prices stable amid

Chinese ferromolybdenum prices show

Chinese ferrotungsten producers raise

Chinese Scrap Metal Prices Reveal Mixed

US H1 scrap prices remain stable for four

Can’t force customers to buy electric vehicles: RC Bhargava, Maruti chairman

chairman RC Bhargava said road transport minister Nitin Gadkari's call for an end to automobiles driven by fossil fuels shouldn't be interpreted literally but as a statement of intent on implementing the government's plan to only sell vehicles running on electricity by

While Maruti supports the government's intent, the company can't force the customer

. "Unless the EV is push him to buy

it," Bhargava said in an interview with ET. "Before I start pushing EVs, I have to make sure they give him the value that they should give to him, which is what a customer expects from Maruti." Maruti Suzuki is Economic Times Company of The Year Award. The minister's statement was aimed at persuading the industry to reorient itself, he said. "Mr Gadkari and the government are not going to kill this industry," he said. won't, why should they? This industry is a huge generator of wealth and employment for the country. But they (the government) want the industry to adopt a new direction and to tell the industry that we are serious about it." "That is all that they are doing. So, it is now for industry to see how to make it happen and make a sincere effort to make it happen," he added. The minister said last week that such a move was imperative in order to clean up the atmosphere and slash oil imports. "We should move towards alternative fuel... I am going to do this, whether you like it or not," Gadkari had told automakers. "And I am not going to ask you. I will bulldoze it. For pollution, for imports,my ideas are crystal clear... The government has a crystal-clear policy to reduce imports and curb pollution." Bhargava said the concern that the government wasn't hearing some segments of the auto industry needed to be addressed. "My view is that we have an association which represents commercial vehicles both heavy and light, represents two-wheelers and cars, which has diesel and petrol makers, luxury," he said. "With such representation, how do you gconsensus and a common policy view. The way out is not easy. The government has to decide, I can't tell government what to do... One possible way for the government is to pick one or two representatives from each segment who they think would give theminputs."

Bhargava said the concern that the government wasn’t hearing some segments of the auto industry needed to be

6

it," Bhargava said in an interview with ET.

"Before I start pushing EVs, I have to make sure they give him the value that they should give to him, which is what a customer expects from Maruti." Maruti Suzuki is the winner of The Economic Times Company of The Year Award. The minister's statement was aimed at persuading the industry to reorient itself, he

"Mr Gadkari and the government are not going to kill this industry," he said. "They can't, they won't, why should they? This industry is a huge generator of wealth and employment for the country. But they (the government) want the industry to adopt a new direction and to tell the industry that we are serious about it."

"That is all that they are doing. So, it is now for industry to see how to make it happen and make a sincere effort to make it happen," he

The minister said last week that such a move was imperative in order to clean up the

e and slash oil imports. "We should move towards alternative fuel... I am going to do this, whether you like it or not," Gadkari had

"And I am not going to ask you. I will bulldoze it. For pollution, for imports, my ideas are crystal clear... The government

clear policy to reduce imports and

Bhargava said the concern that the government wasn't hearing some segments of the auto industry needed to be addressed. "My view is

ve an association which represents commercial vehicles both heavy and light,

wheelers and cars, which has diesel and petrol makers, mainstream and

"With such representation, how do you get a consensus and a common policy view. The way out is not easy. The government has to decide, I can't tell government what to do... One possible way for the government is to pick one or two representatives from each segment who they think would give them current kind of

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At a time when many in the automotive industry have raised concerns over the government's aggressive push toward electric vehicles in the next decade, Bhargava endorsed the intent behind the policy while acknowledging that cost dynamics, and charging and storage solutions need to be examined. He hailed the minister for tackling one of the weakest aspects of government policy. "I think in some ways I appreciate what Mr Gadkari is trying to say because by and large the government announces things and sthings but doesn't follow through in implementation," he said. "Implementation is our weakest area. If Mr Gadkari says he is going to bulldoze, and I hope by bulldoze he means get implemented, what could be better? So, in some ways I am quite sympathetic with what he said." He said benefits are likely to accrue from parent Suzuki's alliance with Toyota. The partnership, the contours of which are being firmed up in Japan, may help the company gain access to alternative tech and to larger vehicles. "Toyota's tech bank is far bigger than Suzuki's," he said. "If that becomes available, we have access to technology, which will take us way into the future and we will in many ways remain in terms of the technology availability, as good as any other company in the world... Depending on what they agree, I could get bigger products from Toyota to sell, which will be engineered for India." (Excerpts from Economic Times) Difficult to have all-electric fleet by 2030: Rattan Kapur, ACMA president Rattan Kapur, the outgoing pAutomotive Component Manufacturers Association (ACMA), is unsure whether India would meet the target of switching over to a totally electric-powered vehicle fleet by 2030. In a free-wheeling interview withNabeel A Khan , Kapur says that it may not be possible to achieve the target, and reveals that the industry body is yet to get an official communication on the targeted switch.

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At a time when many in the automotive industry have raised concerns over the government's aggressive push toward electric

in the next decade, Bhargava endorsed the intent behind the policy while acknowledging that cost dynamics, and charging and storage solutions need to be examined. He hailed the minister for tackling one of the weakest aspects of government

"I think in some ways I appreciate what Mr Gadkari is trying to say because by and large the government announces things and says things but doesn't follow through in

"Implementation is our weakest area. If Mr Gadkari says he is going to bulldoze, and I hope by bulldoze he means get implemented, what could be better? So, in some ways I am quite

He said benefits are likely to accrue from parent Suzuki's alliance with Toyota. The partnership, the contours of which are being firmed up in Japan, may help the company gain access to

nd to larger vehicles.

"Toyota's tech bank is far bigger than Suzuki's," he said. "If that becomes available, we have access to technology, which will take us way into the future and we will in many ways

chnology availability, as good as any other company in the world... Depending on what they agree, I could get bigger products from Toyota to sell, which will

electric fleet by 2030: Rattan Kapur, ACMA president

, the outgoing president of Automotive Component Manufacturers Association (ACMA), is unsure whether India would meet the target of switching over to a

powered vehicle fleet by 2030.

wheeling interview with ET Auto's hat it may not

be possible to achieve the target, and reveals that the industry body is yet to get an official communication on the targeted switch.

Excerpts: The component industry is pivotal to any plans laid out by the governautomobile industry. Are component manufacturers ready for an all2030? These are very important to us today because in the last two days, in the deliberations that we've been having, one message has come out very clearly from the you are doing today, please understand that we have to go electric tomorrow. You are sayin2030, but officially there is nothing on 2030 from the government to us as of today. But the Niti Aayog report has suggested this timeline... Until and unless there is complete confirmation, like a proper policy from the government, we cannot talk of such decisions. But yes, we are alive to what is happening, we are alive to the rumblings and we have to take them seriously. After hearing Union minister of road transport & highways Nitin Gadkari doubts in our minds that the government has taken a decision that we must go electric as soon as possible. How much time do you believe the industry has? See, first of all, the government should not be telling us what technology to adopt. The government should be telling us that today my CO2 levels are at XYZ level and bring down to ABC level by this year. We know what kind of technology to be applied on the vehicles to suit that. I am looking at a gradual changeover from today to 100% electrification. the government believes that by 2030 we should have 100% electrification, I think that it might be difficult. Maybe, we can achieve 3040% EV fleet by then. Like we heard today, the game changer is going to be the battery. Today, the battery is far too expensive but the cost is coming down very rapidly. But along with the battery, there will be many other issues that are going to come. So yes it will happen, but gradually, by 2030 maybe 30%; by 2040 - may be 100%. We have two battery options and Lithium ion. Which would you believe is the most suitable for India?None. I believe the third technology that no one

7

The component industry is pivotal to any plans laid out by the government for the automobile industry. Are component manufacturers ready for an all-EV fleet by

These are very important to us today because in the last two days, in the deliberations that we've been having, one message has come out

government: Whatever you are doing today, please understand that we have to go electric tomorrow. You are saying 2030, but officially there is nothing on 2030 from the government to us as of today.

But the Niti Aayog report has suggested

Until and unless there is complete confirmation, like a proper policy from the government, we cannot talk of such decisions. But yes, we are alive to what is happening, we are alive to the

and we have to take them seriously. After hearing Union minister of road transport &

Nitin Gadkari on Friday, he left no doubts in our minds that the government has taken a decision that we must go electric as

How much time do you believe the

See, first of all, the government should not be telling us what technology to adopt. The government should be telling us that today my CO2 levels are at XYZ level and bring those down to ABC level by this year. We know what kind of technology to be applied on the vehicles

I am looking at a gradual change-over from today to 100% electrification. Even if the government believes that by 2030 we should have 100% electrification, I think that it might be difficult. Maybe, we can achieve 30-40% EV fleet by then. Like we heard today, the game changer is going to be the battery. oday, the battery is far too expensive but the

cost is coming down very rapidly. But along with the battery, there will be many other issues that are going to come. So yes it will happen, but gradually, by 2030 maybe 30%; by

We have two battery options -Sodium Ion and Lithium ion. Which would you believe is the most suitable for India? None. I believe the third technology that no one

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is talking about is the fuel cell technology, which seems to be the best. If I have the technology to convert hydrogen into power, that's the best solution for us, but no one is talking about that. What is the reason we are not taking fuel cell technology very seriously?People are not ready because people have not focused on that, but I think the new topic is coming from Japan, and it is very clear that they are going to start working on the fuel cell technology. But there are challenges. First, the push from Euro 4 to Euro 6. It is not over not even started. It will start in 2020 and it involves huge investments. And before we realise Euro 6, electrification is going to hit us. For all this, huge investments are required by the companies, and we don't make huge profits that we can make that kind of investments. So the challenges are manifold...The path is very clear. The government is concerned about pollution, and so are we. But, it cannot be done overnight. So a path needsbe clearly defined by the government that auto industry must follow this path. Suresh Prabhu says government will promote exports in 'shortest possible time' Commerce and industry minister Suresh Prabhu on Wednesday said his ministry is looking at certain measures to give a leg up to India’s exports which are facing “challenging times”, partly because of the Goods and Services Tax (GST) rollout. “We are trying to work out what to be done to promote exports in a shortest possible time which includes issues coming up because of the GST,” Prabhu, who assumed charge as the commerce and industry minister on Monday, told reporters here. India's export growth slowed to an eight-month low of 3.94% in July, while the trade deficit widened to $11.44 billion on account of high gold imports. He added that the ministry is working on the support measures which can facilitate quick increase in exports both in terms of volume and value. The commerce ministry is expected to announce incentives in the review of the foreign

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is talking about is the fuel cell technology, If I have the

technology to convert hydrogen into power, that's the best solution for us, but no one is

What is the reason we are not taking fuel cell technology very seriously?

eople have not focused on that, but I think the new topic is coming from Japan, and it is very clear that they are going to start working on the fuel cell technology. But there are challenges. First, the push from Euro 4 to Euro 6. It is not over —

n started. It will start in 2020 and it And before we

realise Euro 6, electrification is going to hit us. For all this, huge investments are required by

companies, and we don't make huge profits that we can make that kind of investments.

So the challenges are manifold... The path is very clear. The government is concerned about pollution, and so are we. But, it cannot be done overnight. So a path needs to be clearly defined by the government that auto

Suresh Prabhu says government will promote exports in 'shortest possible

Commerce and industry minister Suresh Prabhu on Wednesday said his ministry is looking at certain measures to give a leg up to India’s exports which are facing “challenging times”, partly because of the Goods and Services Tax

“We are trying to work out what to be done to promote exports in a shortest possible time which includes issues coming up because of the GST,” Prabhu, who assumed charge as the commerce and industry minister on Monday,

India's export growth month low of 3.94% in July,

while the trade deficit widened to $11.44 billion He added that

the ministry is working on the support can facilitate quick increase in

exports both in terms of volume and value.

The commerce ministry is expected to announce incentives in the review of the foreign

trade policy, which is scheduled to be released next month. Further, he said these are challenging times as countries are creating more and more walls around them. “Protectionist ideas are growing. They are stronger over a period time. So we will follow our trade policy in manner that we will be able to work through these walls,” he said and added that the commerce ministry will have to play the role of economic diplomacy also. Exporters demand total exemption from GST Exporters have petitioned the governmean outright exemption on payment of goods and services tax, saying that the time it takes to get reimbursements under the current mechanism was causing a working capital crunch. According to industry claims, about Rs 1.85 lakh crore of working capital will get stuck annually due to the implementation GST. Several exporters said they are already facing a capital shortage and have begun to turn away orders.Prior to the implementation of GST on July 1, exporters were exempted from paying duties. Now, they have to pay the tax first and then seek a refund, a process that ties up a portion of their working capital and pushes up manufacturing costs as they have ton inputs. This has particularly hit small exporters, who work on meagre resources and for whom getting bank financing is tough. Moradabad-based brass handicraft manufacturer and exporter Paragon Metals has Rs 6 lakh of drawback blocked with the government. Proprietor Ajay Kumar Gupta said it might have to lay off artisans and those doing job work if the refund claim is not processed soon. Besides seeking a blanket exemption from payment of GST and a deferred payment on goods not exported, as a likely solution to the problem exporters are also favouricurrency where no physical exchange of money is involved. Refund mechanism in placThe government has put in place a twopronged refund mechanism for exporters. They can export by furnishing a bond instead of

8

trade policy, which is scheduled to be released Further, he said these are

challenging times as countries are creating more and more walls around

“Protectionist ideas are growing. They are stronger over a period time. So we will follow our trade policy in manner that we will be able to work through these walls,” he said and added that the commerce ministry will have to play the role of economic diplomacy also.

Exporters demand total exemption from

Exporters have petitioned the government for an outright exemption on payment of goods and services tax, saying that the time it takes to get reimbursements under the current mechanism was causing a working capital

According to industry claims, about Rs 1.85 lakh ital will get stuck annually

due to the implementation GST. Several exporters said they are already facing a capital shortage and have begun to turn away orders. Prior to the implementation of GST on July 1, exporters were exempted from paying duties. Now, they have to pay the tax first and then seek a refund, a process that ties up a portion of their working capital and pushes up manufacturing costs as they have to pay duties on inputs. This has particularly hit small exporters, who work on meagre resources and for whom getting bank financing is

based brass handicraft manufacturer and exporter Paragon Metals has

of drawback blocked with the government. Proprietor Ajay Kumar Gupta said it might have to lay off artisans and those doing job work if the refund claim is not processed

Besides seeking a blanket exemption from payment of GST and a deferred payment on goods not exported, as a likely solution to the problem exporters are also favouring use of e-currency where no physical exchange of money

Refund mechanism in place The government has put in place a two-pronged refund mechanism for exporters. They can export by furnishing a bond instead of

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


paying the integrated GST, and claim the refund of unutilised input tax credit. Alternatively, they can export after payment of IGST and then claim the refund. In the first scenario, exporters get a 90% refund within seven days of acknowledgement of the refund application and the rest in 60 days. In the second, they get 100% refund within 60 days. But many exporters are unsure about the process. “Working capital needs have increased by 10% due to GST as there was no VAT or excise on our products, and also drawback, which is at present 7.5%, will reduce to half from next month,” said Bhuvan Ahuja, CEO of Ahujasons, an exporter of shawls. Hence, profitability will be affected, too, he explained. Scania launches new generation construction range Scania today launches the XT truck range, which is tailor-made for the construction industry. “This industry is facing increasing demands for sustainable and costproduction. Each component in the complex construction logistics process must adapt to higher standards for efficiency and Scania XT is our contribution to this shift,” says President and CEO Henrik Henriksson. The new construction range is the second stage in Scania’s introduction of new generation trucks, the fruits of more than ten year’s development with an investment exceeding EUR 2 billion. Following an extensive analysis of the multi-faceted construction industry, Scahas developed a comprehensive range to meet the highly diverse transport assignments within the sector. The introduction of the XT range by Scania marks the start of a targeted offensive with tailor-made solutions focused on demanding customers in Europe. “We are putting a higher emphasis on construction,” states Henriksson. “We now have the right products, the right services and the right skills to match Scania’s leading position in longdistance vehicles.” “The global construction industry continues to grow and Scania now presents enhanced tools to meet the demand,” says Henriksson. “We are

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


the integrated GST, and claim the refund of unutilised input tax credit. Alternatively, they can export after payment of IGST and then claim the refund.

In the first scenario, exporters get a 90% refund within seven days of acknowledgement

application and the rest in 60 In the second, they get 100% refund

within 60 days. But many exporters are unsure

“Working capital needs have increased by 10% VAT or excise on

our products, and also drawback, which is at present 7.5%, will reduce to half from next month,” said Bhuvan Ahuja, CEO of Ahujasons, an exporter of shawls. Hence, profitability will

Scania launches new generation

Scania today launches the XT truck range, made for the construction

industry. “This industry is facing increasing sustainable and cost-effective

production. Each component in the complex construction logistics process must adapt to higher standards for efficiency and Scania XT is our contribution to this shift,” says President

ruction range is the second stage in Scania’s introduction of new generation trucks, the fruits of more than ten year’s development with an investment exceeding

Following an extensive analysis of faceted construction industry, Scania

has developed a comprehensive range to meet the highly diverse transport assignments within

The introduction of the XT range by a marks the start of a targeted offensive

made solutions focused on demanding customers in Europe. “We are putting a higher emphasis on construction,” states Henriksson. “We now have the right products, the right services and the right skills o match Scania’s leading position in long-

“The global construction industry continues to grow and Scania now presents enhanced tools to meet the demand,” says Henriksson. “We are

well aware of the slim margins for many hauliers in this business and we have developed vehicles and solutions to ensure sustained profitability.” Escorts unveils electric tractor, expands global portfolio Farm equipment maker Escorts today unveiled a range of tractors, including an electric concept, for both export and domestic marketsThe company has launched tractors ranging between 22 HP to 90 HP under FPowertrac brands that are compliant with emission norms of various markets including Europe and the US. The new range would cater to customers in various markets including the US, Europe, Latin America, Africa and ASEAN countries apart from new generation farmers in Indiatransformational journey of developing products for global markets and offering products of quality with specifications that would be competitive and attractive to buyers," Escorts Ltd Chairman Rajan Nanda sEscorts Managing Director Nikhil Nanda said the new products would create a new user experience in comfort and precision farming globally. "Escorts is extremely proud to launch electric tractor concept displaying our frugal engineering to offer India's best to the world," he added.

International News..

RHEINMETALL AUTOMOTIVE BOOKS FOLLOW-UP ORDER FOR ENGINE BLOCKS Neckarsulm-based KS HUAYU AluTech GmbH, Rheinmetall Automotive's joint venture with China's HUAYU Automotive Systems (HASCO), has been awarded a major order for aluminum engine blocks worth volume) by a German premium carmaker. With the follow-up order, Rheinmetall Automotive is opening another chapter in its longstanding development partnership with this internationally recognized automaker. The refined new generation of 8gasoline engine blocks will be lowcast at the Neckarsulm location. The complex process requires three sand cores and

9

ware of the slim margins for many hauliers in this business and we have developed vehicles and solutions to ensure sustained

Escorts unveils electric tractor, expands

Farm equipment maker Escorts today unveiled a range of tractors, including an electric concept, for both export and domestic markets. The company has launched tractors ranging between 22 HP to 90 HP under Farmtrac and Powertrac brands that are compliant with emission norms of various markets including

The new range would cater to customers in various markets including the US, Europe, Latin America, Africa and ASEAN countries apart from

w generation farmers in India."Escorts is on a transformational journey of developing products for global markets and offering products of quality with specifications that would be competitive and attractive to buyers," Escorts Ltd Chairman Rajan Nanda said in a statement. Escorts Managing Director Nikhil Nanda said the new products would create a new user

n comfort and precision farming "Escorts is extremely proud to launch

electric tractor concept displaying our frugal engineering to offer India's best to the world,"

ational News..

RHEINMETALL AUTOMOTIVE BOOKS UP ORDER FOR ENGINE BLOCKS

based KS HUAYU AluTech GmbH, Rheinmetall Automotive's joint venture with China's HUAYU Automotive Systems (HASCO), has been awarded a major order for aluminum

blocks worth €170 million (lifetime volume) by a German premium carmaker. With

up order, Rheinmetall Automotive is opening another chapter in its longstanding development partnership with this internationally recognized automaker.

new generation of 8-cylinder gasoline engine blocks will be low-pressure die cast at the Neckarsulm location. The complex process requires three sand cores and

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


downstream double heat treatment. The blocks will be used for the top-of-the-range engines powering present and future large limousines and SUVs of the OEM. The first series has already gone into production in 2017 and a second startanother further modified model will take place next year. Initial prototypes of this advancedtechnology engine block are currently being tested by the customer.

Government Schemes

Skill Development Initiative (SDI) Scheme Objective: To provide vocational training to school leavers, existing workers, ITI graduates, etc. to im prove their employability by optimalthe infrastructure available in Government, private institutions and the Industry.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. 31/2017 – Central Tax

11.09.2017

Seeks to extend the time limit for filing of GSTR-6 http://cbec.gov.in/resources//htdocs

cbec/gst/Ntfn_31_2017E.pdf

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


downstream double heat treatment. The blocks range engines

ing present and future large limousines

The first series has already gone into production in 2017 and a second start-up for another further modified model will take place next year. Initial prototypes of this advanced-

e block are currently being

Skill Development Initiative (SDI)

To provide vocational training to school leavers, existing workers, ITI graduates,

prove 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

Training is provided by registered rs (VTPs) under the

Govt., Private Sector and Industrial Demand driven Short term

training courses based on Modular Skills decided in consultation with

The Skill Development Initiative Scheme ed scheme.

please click on the

http://dget.nic.in/content/innerpage/introduction

Central Tax,

Seeks to extend the time limit for filing of

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

Ministry of Finance, Dept. of Revenue, CBECNotification No. 30/2017

11.09.2017

Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTRhttp://cbec.gov.in/resources//htdocs


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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

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, CBEC /2017 – Central Tax,

Seeks to extend the time limit for filing of 2 and GSTR-3.

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


ming Indian Events

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Although every care has been taken to ensure that

information provided is correct, The Institute of Indian

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