The delegation discussed technological know-how for better productivity and cost reductions through innovative solutions. The meeting offered the delegation an opportunity of setting up of upstream and downstream industries in joint ventures in the upcoming Angul Aluminium Park.

 

The Canadian delegation has responded positively to work out the details and claimed that the meeting was fruitful with NALCO. The team also paid a visit to the company’s smelter plant at Angul.

 

NALCO is one of the leading foreign exchange earners of the country and has recently developed a new business model for sustainable growth. It is making consistent efforts for becoming major producer of aluminium at global level.

 

The per capita aluminium consumption in India is only 2.2 kg against world average of 7 kg while it is 20 kg in China. There is huge potential for increasing the consumption of aluminium from existing level of 3.2 million tons per annum to 8 million tons per annum in next 2-3 years. Under New India mission, projects such as smart cities, bullet train, power to every household, energy efficient automobile, aluminium wagons are expected to lead the expansion of consumption of aluminium in India.