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16 OCTOBER 2018 AL CIRCLE

Nalco CMD estimates aluminium consumption rise in India to 7.2 million tonnes in next five years

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Aluminium consumption in India may reportedly double to 7.2 million tonnes in the next five years from the existing level of 3.6 million tonnes. This makes important to focus on downstream aluminium products to tackle the threat of growing imports. Mr. Tapan Kumar Chand, CMD of Nalco said this while addressing the National Aluminium Network Meet 2018, at New Delhi. He also mentioned that India’s import of downstream aluminium products may rise to around US$ 5 million in case no importance is given to it.

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He further added: “Moreover, Indian aluminium industry is at the high end of cost curve for production; hence, the need to sustain and increase its margin by producing value-added and high-end downstream products.”

In addition, Mr. Chand underscored the need for the promotion of downstream industry by mother aluminium plants through MSMEs to create employment opportunity, which will further aid the development of the domestic aluminium market.

He thus, urged the key players of the aluminium industry to identify technology need for developing aluminium alloys for downstream units.

The meet was held under the under the aegis of Ministry of Mines and Jawaharlal Nehru Research & Development Centre (JNRDC).

Mr. Chand believes JNRDC can act as a catalyst and facilitator in developing technology and transfer from abroad through collaboration.

Tagged with:

Aluminium NALCO India

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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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