Bengal’s Foundry Industry to Get ₹2,000 Crore Investment by FY26.

West Bengal’s foundry industry is set to receive ₹2,000 crore in investments by FY26, with funds directed toward new projects and brownfield expansions to enhance capacity amid evolving demand and cost pressures.

"West Bengal’s foundry sector is growing at a rate 50% higher than the national average. The total investment of ₹2,000 crore includes ₹400 crore from MSMEs," said Navneet B Agarwal, president of the Institute of Indian Foundrymen (IIF), during the 73rd Indian Foundry Congress & International Foundry Exhibition in Kolkata.

Despite a slowdown in the automotive sector, eastern India’s foundry industry remains resilient, driven by demand from railways, ductile pipes for water supply, exports, and defence, Agarwal noted. He expects the sector to grow by 15-18% in volume and around 20% in value in FY25-26.

West Bengal contributes around $2 billion to India’s $19.5 billion foundry industry, with most units operating in the MSME segment. The Kolkata exhibition, the largest to date, attracted 1,000 delegates from 15 countries, according to Exhibition Committee Chairman Vijay S Beriwala.

Speaking at the event, Bharat Forge CMD Baba Kalyani highlighted India’s potential to emerge as a key global supply chain player and urged the industry to focus on innovation to transform India into a “product nation.”

HBL