Italian Aluminium Industry Mulling Involvement in India’s Aluminium Park at Angul
21 January 2018 by Staff
During a visit last week to an Indian government seminar, a delegation representing major stakeholders in Italy’s aluminium industry revealed their country’s interest in participating in the planned aluminium downstream park in eastern India.
The delegation, led by Italy’s Consul General, was composed of representatives from the Italian Aluminium Association (IAA) and several major aluminium interests. According to local media, the team visited the 240-acre site in Angul prior to engaging in talks with executives from National Aluminium Company (Nalco) and the state government of Odisha at a seminar organized by the IAA.
Odisha’s industries minister Niranjan Pujari opined that the opportunity for collaboration between his state and aluminium firms in Italy offer strong, tangible benefits to both parties.
“Odisha offers the perfect ecosystem to be the Hub of Aluminium sector and we are committed to forging strong economic tie with Italy. The molten aluminium can be directly obtained from Nalco when the Angul Aluminium Park becomes operational.”
Sanjeev Chopra, principal secretary (industries) with the Odisha government, echoed Pujari’s comments, stating his opinion that the park is poised to become among the world’s premier aluminium operations.
“This visit by the Italian delegation team has come at a very opportune time as the future looks bright for investors looking at investing in the aluminium sector in Odisha. The potential for collaboration is immense. The response to the Angul Aluminium Park is unprecedented and will become a major centre in the world for aluminium downstream activities. The park will rival the best in the world and Nalco will be there to provide concessions and hand-holding support to organisations.”
The park is expected to house at least three smelters owned and operated by domestic concerns with a total capacity of 990 thousand metric tons per annum. With up to US$29 million expected to be invested in local infrastructure, the park will feature an established logistics system, an uninterrupted power supply, available water resources, a rail network, and a substantial labor pool, among other amenities.