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India Needs to be on Toe to Boost Aluminium Overall Production: Tapan Kumar Chand

September 06, 2018

The country needs a dedicated national policy for aluminium to boost overall production and double per capita consumption of the metal, a top industry leader has said. Addressing delegates during the Annual National Convention of Aluminium held in Bangalore, Tapan Kumar Chand, chairman of National Aluminium Company (Nalco) said: ‘‘There is need for a National Aluminium Policy to enable the industry to produce 10 million tonne of aluminium with 75% in downstream.” He requested government of India to include aluminium in the group of core industries and said India needs to double its per capita consumption. “For this, there is a need to increase applications of aluminium and go for 75% value addition,” he pointed out. At present, there are some 300 aluminium applications in India, which is barely one-tenth of the 3,000 applications existing globally, Chand who is also chairman of Aluminium Association of India (AAI), added. Aluminium industry is tipped to have strong grwth prospects in India. While domestic aluminium demand has been growing at a rate of 10% every year, it is projected to double in the next 5-7 years to around 7 million tonne. The convention was attended by top leaders of the aluminium Industry, policy makers, secondary producers, technologists and foreign delegates. In his address, Chand emphasised on the scope of the aluminium Industry to generate employment. “Aluminium industry has the potential to generate an additional employment of 1.2 million at the 10 million tonne production stage,” he said. Calling upon prospective investors and stakeholders to look at Angul Aluminium Park as an attractive investment option, he invited Industries to set up units there. He park was developed jointly by Nalco & Odisha government’s IDCO. An Italian delegation which attended the convention led by its trade commissioner Prof. Alberto, spoke of the potential of downstream aluminium industries in India its role in the future growth of domestic aluminium sector and stressed on the lasting relationship between India and Italy in the sector.

 

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