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3:13 pm - Tuesday December 16, 8070

ASSOMET and AMAFOND of Italy to invest in Aluminium Park in Odisha

Agencies, Bhubaneswar

Aluminium Association of India (AAI) and leading aluminium association ASSOMET & AMAFOND of Italy will soon sign a MoU for investing in joint venture in the upcoming Aluminium Park at Angul in Odisha.

The Aluminium Park is being developed by leading Navratna central public sector National Aluminium Company Limited (NALCO) and Odisha Industrial Infrastructure Development Corporation (IDCO).

The Consul General of Italy Damiano Francovigh along with other officials today met NACLO Chairman cum Managing Director Tapan Kumar Chand, CMD and the Chairman of AAI here and held discussion for Industrial cooperation and collaboration between Aluminium Industries of India and Italy.

During the discussion Chand proposed the Italian Industry delegation led by Consul General and Ambassador of Italy to visit NALCO and other Industries in Odisha to which the Consul General agreed.

“With large bauxite reserves and presence of major aluminum players like NALCO, Hindalco and Vedanta, Odisha is considered to be the aluminium capital of India,the NALCO CMD said adding that the global firms should come forward for investing in joint ventures with up-stream and down-stream units” NALCO sources said the MoU is scheduled to be signed during the next visit of the Italian Industry delegation in January 2018.

Posted in: Business

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