Industry stalwarts in the aluminium sector, including the Consul General of Italy, senior Government officials, CEOs and senior executives of different organisations, deliberated opportunities that lie ahead for the ‘wonder metal’ at a national seminar held in Mumbai on Friday.
Aluminium Association of India (AAI) president and Nalco CMD Dr Tapan Kumar Chand said the demand for high-strength aluminium alloy would increase by five fold in the next 10 years.
He stressed on the importance of R and D activities on various applications of aluminium alloys in different sectors. Dr Chand, who is often called ‘Metal Man’, said the AAI would urge upon the Union Government for formation of Aluminium Development Council for protecting the interest of aluminium industry.
Hindalco Industries MD Satish Pai expressed concerns over increase in coal price which affects the energy cost.
Consul General Republic of Italy, Mumbai Stefania Costanza said Italy hopes for more aluminium collaboration in the future on a sustainable basis.”
Ministry of Mines Secretary Arun Kumar assured that auction route for commercial mining for coal mines will have checks and balances on the coal price, which is going to help the aluminium industry.