Balco vendor meet shows off opportunity for suppliers

Around 80 vendors from India, abroad participate in the meet

Vedanta-controlled Bharat Aluminium Company (Balco) Limited organized the first-ever vendor meet in the state capital of Chhattisgarh to interact with the suppliers and mull company's future plan.

Balco was disinvested in 2001 with London-listed Sterlite (Vedanta) taking over the management control by purchasing 51 per stake. Since then, Vedanta Resources had been experimenting innovation for company's growth.

"There is a great opportunity for incessant growth for the vendors associated with Balco," company's chief executive officer and whole-time director Ramesh Nair said. He said the vendors could become strategic partner with the company by establishing coordination with the core values of Balco.

This would help in strengthening the business relation and maintaining transparency in the working, Nair said, adding that Balco was committed to build business relationship with the vendors who had been dedicated for industrial safety, health, environment and engineering. "For Balco, safety is top in the agenda," he added.

This was the first vendor meet organized by Balco. According to company officials, the meet would strengthen the bond between Balco and the suppliers. Around 80 vendors from India and abroad participated in the meet that they termed as a good platform for interaction and entrepreneurship development.

"Such meet should be organized by the company (Balco) annually," the representative of a Gurgaon-based Logistic company said. The vendor meet helped the suppliers to understand the work in the company while the interaction session with the company's top executives was of great help, he added.A senior executive from a Pune-based firm providing environment controlling solutions to Balco said the presentation given by the company and the interaction with the executives would help his firm to plan more effective solutions.