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14 MARCH 2022 AL CIRCLE

Odisha govt. needs to resolute the coal crisis: Dr TK Chand, former CMD of Nalco

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

On 11th March 2022, Dr Tapan Kumar Chand, the former Chairman and Managing Director of Nalco and presently the President of Vedanta’s Odisha and Chattisgarh aluminium operations stated that the state government of Odisha needs to step up to resolute the coal crisis.

Odisha govt. needs to resolute the coal crisis

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Following the challenge of the coal crisis, the local industries are countering which is driving to power shortage. However, this will impact the competitiveness of enterprises since power is the vital source for running manufacturing facilities.

During the final session of Entrepreneurship Week organized by UCCI, Dr Chand made the above statements. Other than him being the former chairman of National Aluminium Company (NALCO) and the current President of Vedanta’s Odisha and Chattisgarh aluminium operations, he is also a member of the home-grown industry body Utkal Chamber of Commerce & Industry (UCCI) and a member of its subsidiary bodies that monitor the well-being of local industries.

“UCCI’s position on the coal crisis was also clarified. Our state government should be able to handle the problem, so we requested that they intervene. As a result of the UCCI’s stance on this issue, UCCI became more robust and more credible”, Dr Chand added.

The former CMD of Nalco in his speech said, “MSMEs would be the future drivers of growth, entrepreneurship and employment. A new industrial revolution is expected. In the field of technology, many innovations are taking place, including Artificial Intelligence (AI), Robotics, the Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), and other things. In such conditions, no big industries are likely to provide jobs shortly. The Micro, Small & Medium Enterprises (MSMEs) will be the source of employment.”

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“The level of automation will result in a massive disruption in the area of the job family, and many traditional jobs will disappear as a result. There will be no workforce on store floors. MSMEs will become crucial in this situation. MSMEs in the upcoming years will be able to communicate with each other, and condition-based maintenance will reduce downtime.”


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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