Industry News

India may push domestic aluminum industry

Views : 281
Update time : 2020-05-20 19:53:32
The upstream and downstream companies of the metal industry welcomed the measures for coal and mineral industry announced by the Indian Finance Minister.

Satish Pai, Managing Director of Hindalco Industries Ltd., said that these measures will improve the convenience for business operations as well as to greatly increase the global competitiveness for India.

Ajay Kapur, the CEO of Aluminium & Power at Vedanta Limited, said that India still depended on 60% aluminum imports despite a sufficient domestic production capacity, leading to a foreign currency outflow of Rs 380 billion.

Therefore, he said that the Indian government might strive to promote the domestic aluminum industry and take the domestic aluminum to be used in India as a first consideration.
Related News
Read More >>
UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro
Dec .19.2024
UK's aluminium packaging industry at risk without improved recycling infrastructure, warns Alupro
China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season
Dec .19.2024
China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season
Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand
Dec .19.2024
Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand
Aluminum Association outlines key policy priorities for incoming US administration and Congress Aluminum Association outlines key policy priorities for incoming US administration and Congress
Dec .19.2024
Aluminum Association outlines key policy priorities for incoming US administration and Congress