Vedanta Limited CEO Ajay Dixit said here on Thursday that while the aluminium sector now contributes 1.9 per cent to the country’s manufacturing GDP, it can contribute almost 10 per cent to the GDP in next three to five years. With Government support, this metal of national importance can propel a next wave of development and job creation in the country, he observed.
He said the Vedanta Limited is in the mining auction process and expects to get its own captive mines for its refinery plants in Odish this year. He urged the State government to expedite land acquisition for the alumunium parks at Jharsuguda so that aluminium produced in the State can be used in manufacturing of aluminium products soon. It would make aluminium products available at cheaper rates help in creation of employments.
Stating that aluminium is now a metal of national importance with its use reaching every aspect of human lives now, he suggested to the Government to go for an balancing of taxing so that cost of production can be reduced to the benefit of people and nation.
Dixit stated this at a media interaction held on the sidelines of inauguration of the International Conference on Aluminium (INCAL 2019) by Union Secretary Anil Mukim.
More than 850 delegates, including 300 foreign delegates from 20 countries, are participating in the three-day conference. As many as 120 industries are showcasing the latest technologies on Aluminium at the exhibition.