Knowledge & News Network (KNN)Nov 17, 2021Forging industry reaches out to Ministry of MSME on auto sales slumpNew Delhi, 15 Nov (KNN) The Association of Indian Forging Industry (AIFI), the apex body of the forging industry in India has expressed concerns with regards to high Steel Prices, and declining automobile sale, as it has hammered the Forging Industry in India.The association wrote to Ministry of Micro, Small and Medium Enterprises, Prime Minister’s Office, Ministry of heavy industries, Ministry of Steel, and Ministry of Commerce and Industry, to urge the government on these matters.The Indian Forging Industry primarily caters to the Indian Automotive Industry, which accounts for 60-70% of the forging production, with the auto sector witnessing the slowdown the forging industry has witnessed an average slowdown of 50% of the total capacity.Read more at Knowledge & News Network (KNN)
New Delhi, 15 Nov (KNN) The Association of Indian Forging Industry (AIFI), the apex body of the forging industry in India has expressed concerns with regards to high Steel Prices, and declining automobile sale, as it has hammered the Forging Industry in India.The association wrote to Ministry of Micro, Small and Medium Enterprises, Prime Minister’s Office, Ministry of heavy industries, Ministry of Steel, and Ministry of Commerce and Industry, to urge the government on these matters.The Indian Forging Industry primarily caters to the Indian Automotive Industry, which accounts for 60-70% of the forging production, with the auto sector witnessing the slowdown the forging industry has witnessed an average slowdown of 50% of the total capacity.Read more at Knowledge & News Network (KNN)
