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Make Aluminium The Metal of Choice for Future - Mines Secretary

Feb 6,2019

According to a recent report Mr. Anil Mukim the Union Mines Secretary urged the stakeholders to work towards increasing the domestic consumption of aluminium in a sustainable manner and make it the metal of choice for the future. Addressing the International Conference on Aluminium he stressed on value addition in the aluminium industry and encouraging the downstream industries in the country. He also urged the industries to ensure sustainability and to address the social and environmental issues.

 

Mr. Sanjeev Chopra State Industries Secretary said that Odisha, the aluminium capital of South Asia, provides tremendous opportunities to investors to set up downstream industries in aluminium. Mr. Chopra said that "India's aluminium consumption is expected to grow at 17-18 percent per annum, making it one of the largest consumption markets in the world. Odisha, the mineral hub of the country, contributing to 54 percent of the country's total smelting capacity is the largest producer of the metal.”

 

He said the upstream industry landscape is home to leading domestic and international companies such as Nalco, Hindalco, and Vedanta with a capacity of over 600,000 tonnes per annum.

 

The Industries Secretary informed that "The state governments goal is to add value to at least 50 percent of the primary metal produced in Odisha and develop industry-ready infrastructure to attract downstream and ancillary industries in the metals sector - steel, stainless steel, and aluminium by the year 2030.” Saying that a dedicated private industrial parks policy has been promulgated already, he said leading corporates such as Vedanta, Nalco, JSPL and Jindal Stainless, are in advanced stages of setting up downstream parks in the state.

 

Mr. Nitin Jawale Managing Director of Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) showcased the aluminium downstream business ecosystem in Odisha and outlined the strategic advantages that the state offers to investors to set up downstream units in aluminium.

 

He invited the investors to explore setting up downstream units at the Angul aluminium Park that is spread across 223 acres and is devoted for downstream and subsidiary industries in the aluminium sector.