The Indian Forging Industry has emerged as a major contributor to the manufacturing sector of the Indian economy. While the automotive industry is the main customer for forgings, the industry’s continuous efforts in upgrading technologies and diversifying product range have enabled it to expand its base of customers to foreign markets.
With business sentiments having improved in India, in the coming years, we expect to see improved business activity which will consequently push the demand for forging products as well as exports.
Anticipating revival, Government’s thrust on manufacturing sector with initiatives like ‘Make in India’ and ‘Skill India’ has definitely created positive economic sentiments amongst the business community. Many global OEMs and Tier-I players are setting up purchasing offices in India and looking at procuring high standard quality products.
Semco Forge (SFPL), is an upcoming company in the field of forging quality steel components and is making rapid progress in making its presence felt in the forging world.The company today can boast of a long list of satisfied customers, both abroad and domestic. In a short span of time, SFPL has developed a world-class forging facility and is consistently increasing its manufacturing capacity and range of components.