Italy’s ASSOMET and AMAFOND to sign MoU for Angul aluminium park in January
National Aluminium Company Limited (NALCO) CMD and Aluminium Association of India (AAI) Chairman Tapan Kumar Chand yesterday met the Italian Industry delegation at Bhubaneswar for a talk over prospective collaboration between Aluminium Industries of India and Italy. The Italian delegation was led by Consul General of Italy Mr. Damiano Francovigh along with other officials.
Italy’s aluminium association ASSOMET & AMAFOND will sign MoU for investing in joint venture in the upcoming Aluminium Park in Odisha.
The MoU is likely to be signed during the next visit of the Italian Industry delegation in January 2018. India’s Jiwanram Sheoduttrai Group owned Uniseven Engineering & Infrastructure Pvt. Ltd will play a crucial role in the development.
Angul Aluminium Park is a joint venture between National Aluminium Company (Nalco) and state-owned Odisha Industrial Infrastructure Development Corporation (IDCO).
Dr. Chand commented: “With large bauxite reserves and presence of major aluminium players like NALCO, Hindalco and Vedanta, Odisha is considered to be the aluminium capital of India. Global firms should come forward for investing in joint ventures with up-stream and down-stream units”
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