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Issue No. 391, Dt. 09.11.2021

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Issue No. 381, dt. 15.06.2021

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ASIAN FOUNDRY SUMMIT The Institute of Indian Foundrymen (IIF) Greater Mumbai Chapter jointly with Metal World are organizing 'Asian Foundry Summit' (Digital Platform) scheduled on 18th November, 2021 to

discuss various aspects of the foundry sector in India and Asia.

Today, foundries are deeply impacted by the raw materials price fluctuations and also by the ever changing market dynamics. Further, there are emerging opportunities which need to be

carefully identified and nurtured. The 'Digitalization' process has to mature enough so that the industry can start getting real benefits from it. Apart from discussing the prime issues facing the industry, the event can also help the individual companies to promote their products, services

and brand across the industry.

The event will be of interest to the foundries, technology and equipment suppliers, raw material suppliers, policy makers, casting buyers, instrumentation companies etc. from the Middle East, India & Asian market.

Conference Program

10:00 AM Inauguration (Mr. Devendra Jain, President-IIF, Ms. Ruma Rao, Chairperson

IIF-GMC) 11:00 AM Panel Discussion - How to Counter Fluctuating Raw Material Prices 12:30 PM Noon Lunch Break

1:30 PM Business Session - Emerging Trends in Foundry Sector 3:30 PM Tea Break

4:00 PM Panel Discussion - Global Markets for Castings 5:30 PM Valedictory Address

6:00 PM End There will be opportunity to Sponsor this event with following benefits:

• Logo on all the promotional material including the conference backdrop

• A presentation slot in the relevant business session • Recording of your presentation. • Conference videos to be uploaded on 'Metalworld's social media handles like YouTube,

Facebook, LinkedIn. • Presentation article and conference report in 'Metalworld's next issue.

• 3 Delegates complimentary.

We trust the above will help you to promote your products and brand in the industry. For any queries, please contact: Mrs. Ruma Rao - Chairperson of IIF GMC – 9833430022, E: kin.ruma@gmail.com

Mr. Chandekar - Editor & CEO Metalworld – 9821046737

Registration Form attached

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Indian Foundry Directory-Cum-

Buyers’ Guide 2021

Opportunities for..

FREE LISTING OF COMPANY PROFILES FOR

- Casting Manufacturers……..

- Equipment/ Machinery Mfgs……..

- Foundry Raw Material Suppliers……..

- Foundry Consultants/Specialists……..

- Pattern/ Die Makers……..

- Casting Buyers……..

Please click on the link given above for your business

category to submit your company profile data via

google form for free listing in the Indian Foundry

Directory 2021.

Important Govt. Notifications/ Orders..

Ministry of Mines

The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2021

Notified New Rules Provide for Sale of 50% of Mineral Produced from Captive Leases

Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral)

Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016

[MCR, 2016]. Extensive amendments have been made in the Mines and Minerals (Development and

Amendment) Act, 1957 (‘MMDR Act’) by the MMDR Amendment Act, 2021 w.e.f. 28.03.2021 read more..

Ministry of Commerce & Industry Time to reduce logistics cost by 5% - Shri Piyush

Goyal The Minister of Commerce and Industry, Consumer

Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said that the inputs given by Logistics Ease Across Different States Report

2021 can lead the way to bring down logistics cost by 5% over the next 5 years. He was addressing

the gathering after the release of the LEADS Report in New Delhi today. Shri Piyush Goyal said that India is committed to build modern infrastructure

for the 21st century, at a pace never seen before. Referring to the recently launched PM GatiShakti Master Plan ,he said that it would revolutionise the

next generation of multimodal infrastructure development in the country read more..

Ministry of Finance Department of Revenue

Central Board of Indirect Taxes And Customs Notification No.90 /2021 - Customs (N.T.)

Dt. 03.11.2021 Exchange rates Notification No.90/2021-Cus (NT) dated 03.11.2021 read more..

Ministry of Commerce and Industry Department of Commerce

Directorate General of Foreign Trade Trade Notice No. 22/2021-22, dt. 02.11.2021

Last Date for filling claim at the Online IT module for Scrip based Schemes MEIS/SEIS/ROSL/ROSCTL read more..

INDUSTRY NEWS..

Maruti Suzuki to finalise plans for new

Haryana unit by December Car market leader Maruti Suzuki India Ltd (MSIL)

will go ahead and finalise plans to set up of a Rs

18,000 crore new manufacturing facility in

Haryana before the end of this calendar year with

the state government reducing the gross salary cap to Rs 30,000 per month in its 75 per cent job

reservation policy for locals, company chairman RC Bhargava said on Monday read more..

'Maruti Suzuki India keeping close watch on commodities' price movement to fix vehicle

prices' The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of

commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed

on the impact to consumers, according to a senior company official. The company is hoping for a

softening of commodity prices, which also move cycle, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure

for any OEM read more..

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INDUSTRY NEWS contd..

FinMin reforms public procurement to fast-

track projects, help MSMEs The finance ministry has initiated reforms in public

procurement and project management to execute projects and provide payments to the micro, small and medium enterprises (MSMEs) on time.

Finance secretary on Friday released revised guidelines, which outline innovative rules for this.

The guidelines permit alternative methods for selection of contractors, which can improve speed and efficiency in execution of projects read more..

TVS in talks to raise up to $500 million for

EV subsidiary TVS Motor, India's third largest two-wheeler maker, is in talks with a clutch of global private

equity investors to raise $300-500 million (Rs 2,220-3,700 crore) for its electric vehicle

subsidiary at a valuation of $3.5-4 billion, three people aware of the matter said. In the second half of October, TVS had carved out a subsidiary

for electric vehicles, reasoning that read more.. Soaring commodity prices severely

impacting MSMEs price margins Industry chamber PHDCCI on Wednesday said

skyrocketing commodity prices are severely impacting the price cost margins of businesses, especially MSMEs, observing that the RBI has a

crucial role to play in balancing inflation and maintaining currency stability. The assertion is a

part of the chamber's five suggestions outlining the focus areas for RBI Governor read more..

MAJOR RAW MATERIAL PRICES

ITEMS

Price 29.10.2021

Rs./Kg (Basic Price Excl. GST)

Price 05.11.2021

Rs./Kg (Basic Price Excl. GST)

Pig Iron (Mum) 50.0 49.0

Melting Steel (Mum) 48.4 48.6

CRCA Scrap 48.0 48.6

Copper Ingot 748 746

Aluminum Ingot 226 224

NATIONAL & INTERNATIONAL EVENTS..

Event Name: 70th Indian Foundry Congress Dates: 11-13, Feb 2022 Location: GANDHINAGAR

Web: https://www.ifcindia2022.com/

Event Name: CastExpo 2022

Dates: 23-26 April 2022 COLUMBUS, OHIO

Web: HTTPS://WWW.AFSINC.ORG/TRADESHOWS/CASTEXPO-2022

Event Name: GIFA Southeast Asia

Dates: 5-7 October, 2022 Location: THAILAND Web: https://www.gifa-southeastasia.com/

Event Name: GIFA Dates: 12 - 16 JUNE 2023 DÜSSELDORF, GERMANY

Web: HTTPS://WWW.GIFA.COM/

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.

GOVT SCHEMES..

CREDIT GUARANTEE FUND SCHEME FOR

MICRO AND SMALL ENTERPRISES Description - Ministry of Micro, Small and Medium

Enterprises and Small Industries Development Bank of India (SIDBI) jointly established a Trust

named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee Scheme for Micro and Small

Enterprises. The corpus of CGTMSE is contributed by Government of India and SIDBI. 75% of the loan amount to the bank is guaranteed by the Trust

Fund.

For more info Click Here