SPONSORED CONTENT

Aluminium's contribution in enhancing global competitiveness of Indian metal industry: Abhijit Pati

March 03, 2021 23:30 IST | ANI Press Release
Tennis player James Blake
Abhijit Pati

Balco Nagar/Korba (Chattisgarh) [India], March 3 (ANI/PNN): Abhijit Pati, CEO and Director of Bharat Aluminium Company (BALCO), a global pioneer in the aluminium and power sector, represented the company at the 58th National Metallurgists' Day (NMD) International Conference and 74th Annual Technical Meeting (ATM).

As a leader and stalwart in the aluminium industry, he led the panel discussion on 'Enhancing global competitiveness of Indian metals industries' during the event.

Organized by the Indian Institute of Technology Bombay along with the Indian Institute of Metals on the theme 'Seventy-five and aspiring for global leadership in Metallurgy & Material Engineering', the event was attended by eminent industry leaders. The conference was organised with the prime focus on recent developments in the field of non-ferrous & ferrous metallurgy and business sustainability.

''Aluminium industry is partnering with the government's visionary initiatives of Make in India, Smart Cities, Power for All, indigenous space programs, domestic value addition, creating jobs and SMEs in making our country a self-reliant nation. Indian aluminium Industry has generated over 8 lakh jobs directly and in-directly and developed over 4000 SMEs in downstream sector. The clarion call of an Aatmanirbhar Bharat from our Honorable Prime Minister is seeing Indians working on a war footing to fulfill this vision. Aluminium industry has a strong output and employment multiplier effect on other key sectors. It has forward linkages with aviation, defense, auto, electricity, construction, packaging etc., and backward linkages with mining, refining, chemical industry, power, and machinery,'' said Abhijit Pati, addressing the audience an panel experts CEO & Director.

Abhijit Pati also emphasized on BALCO's continued efforts during the pandemic as aluminium is a metal of strategic importance to the country and a vital raw material for key industries like electrical distribution, transportation, aerospace, defense, building and construction, etc. As aluminium smelters needed to be operational 24*7, BALCO ensured the continuity of operations, keeping up this critical raw material for first use and end-use industry sectors.

Abhijit Pati stressed on how classification of aluminium industry as a 'Core Industry', as recommended by NITI Aayog and Mines Ministry, and formulation of National Aluminium Policy (NAP) as recommended by NITI Aayog can place aluminium industry on priority status. Also, pricing strategy for raw materials - coal and bauxite, need to be restructured to solve the prevalent issue of raw material security. He also suggested the much-needed reforms on guidelines for boosting domestic scrap recycling and achieving quality standards for scrap usage/imports and ways in which export competitiveness can be enhanced in India through Remission of Duties or Taxes on Export Products Scheme exclusively for aluminium industry.

India's 4th largest coal reserves and 5th largest bauxite reserves in the world along with its unique geographical location makes India a strategic location to become a major global low-cost aluminium production hub. Aluminium is one of the key growth sectors for India and possess a huge potential to contribute as a wealth creator for nation's economic growth.

Bharat Aluminium Company Limited (BALCO) is India's iconic aluminium producer. It is owned 49% by the Government of India and 51 per cent by Vedanta Limited. Vedanta Limited is the world's 6th largest diversified natural resources company and the largest producer of aluminium in India. BALCO operates a 0.57 million tonne per annum aluminium smelter in Korba, Chhattisgarh. It is also a leader in value-added aluminium products that find critical applications in core industries. With its world-class smelter and power plants, the company fulfills its mission of spurring emerging applications of aluminium as the 'Metal of the Future' for a greener tomorrow.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Aluminium's contribution in enhancing global competitiveness of Indian metal industry: Abhijit Pati

Balco Nagar/Korba (Chattisgarh) [India], March 3 (ANI/PNN): Abhijit Pati, CEO and Director of Bharat Aluminium Company (BALCO), a global pioneer in the aluminium and power sector, represented the company at the 58th National Metallurgists' Day (NMD) International Conference and 74th Annual Technical Meeting (ATM).

As a leader and stalwart in the aluminium industry, he led the panel discussion on 'Enhancing global competitiveness of Indian metals industries' during the event.

Organized by the Indian Institute of Technology Bombay along with the Indian Institute of Metals on the theme 'Seventy-five and aspiring for global leadership in Metallurgy & Material Engineering', the event was attended by eminent industry leaders. The conference was organised with the prime focus on recent developments in the field of non-ferrous & ferrous metallurgy and business sustainability.

''Aluminium industry is partnering with the government's visionary initiatives of Make in India, Smart Cities, Power for All, indigenous space programs, domestic value addition, creating jobs and SMEs in making our country a self-reliant nation. Indian aluminium Industry has generated over 8 lakh jobs directly and in-directly and developed over 4000 SMEs in downstream sector. The clarion call of an Aatmanirbhar Bharat from our Honorable Prime Minister is seeing Indians working on a war footing to fulfill this vision. Aluminium industry has a strong output and employment multiplier effect on other key sectors. It has forward linkages with aviation, defense, auto, electricity, construction, packaging etc., and backward linkages with mining, refining, chemical industry, power, and machinery,'' said Abhijit Pati, addressing the audience an panel experts CEO & Director.

Abhijit Pati also emphasized on BALCO's continued efforts during the pandemic as aluminium is a metal of strategic importance to the country and a vital raw material for key industries like electrical distribution, transportation, aerospace, defense, building and construction, etc. As aluminium smelters needed to be operational 24*7, BALCO ensured the continuity of operations, keeping up this critical raw material for first use and end-use industry sectors.

Abhijit Pati stressed on how classification of aluminium industry as a 'Core Industry', as recommended by NITI Aayog and Mines Ministry, and formulation of National Aluminium Policy (NAP) as recommended by NITI Aayog can place aluminium industry on priority status. Also, pricing strategy for raw materials - coal and bauxite, need to be restructured to solve the prevalent issue of raw material security. He also suggested the much-needed reforms on guidelines for boosting domestic scrap recycling and achieving quality standards for scrap usage/imports and ways in which export competitiveness can be enhanced in India through Remission of Duties or Taxes on Export Products Scheme exclusively for aluminium industry.

India's 4th largest coal reserves and 5th largest bauxite reserves in the world along with its unique geographical location makes India a strategic location to become a major global low-cost aluminium production hub. Aluminium is one of the key growth sectors for India and possess a huge potential to contribute as a wealth creator for nation's economic growth.

Bharat Aluminium Company Limited (BALCO) is India's iconic aluminium producer. It is owned 49% by the Government of India and 51 per cent by Vedanta Limited. Vedanta Limited is the world's 6th largest diversified natural resources company and the largest producer of aluminium in India. BALCO operates a 0.57 million tonne per annum aluminium smelter in Korba, Chhattisgarh. It is also a leader in value-added aluminium products that find critical applications in core industries. With its world-class smelter and power plants, the company fulfills its mission of spurring emerging applications of aluminium as the 'Metal of the Future' for a greener tomorrow.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22