Business Standard
Battle for bigger share of the white metal
Edited by : AL CIRCLE
2 min read
Aluminium industry officials agree this country’s requirements of the white metal will continue to rise annually at a pace much higher than our growth in gross domestic product (GDP). The government is targeting an annual GDP expansion of nine per cent during the 12th Plan, beginning April 2012. B L Bagra, chairman of the largely government-owned National Aluminium Company (Nalco), finds the environment conducive enough to say the coming many years will see Indian aluminium demand growing at 13-15 per cent a year. No doubt, the major part of demand will come from the electrical sector, as has always been the case with us. At the same time, more of the metal is finding application in construction, transport and packaging, thanks to growing sophistication of the economy and the spread of urbanisation.
The demand surge for aluminium, a lot stronger than for steel in recent years, falls in a global pattern.Consultancy firm McKinsey & Co has pegged Indian aluminium demand growth at a more modest 9-11 per cent yearly up to 2015.The Indian per capita use being only 1.3 kg against the world average of 7.4 kg and China’s 12 kg shows major growth possibilities of the metal here, as it throws challenges to the local industry to promote new aluminium application.
The demand surge for aluminium, a lot stronger than for steel in recent years, falls in a global pattern.Consultancy firm McKinsey & Co has pegged Indian aluminium demand growth at a more modest 9-11 per cent yearly up to 2015.The Indian per capita use being only 1.3 kg against the world average of 7.4 kg and China’s 12 kg shows major growth possibilities of the metal here, as it throws challenges to the local industry to promote new aluminium application.
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