Bhubaneswar: Canadian investors expressed keenness to invest in Odisha’s Angul Aluminium Park.
A high level technical delegation representing the Canadian industries in a meeting with the National Aluminium Copmplany(Nalco) CMD Tapan Kumar Chand, here on Monday, responded positively when the Team Nalco offered the Park for investments. The Nalco CMD who is also the chairman of CII(Odisha) extended a warm welcome to the visiting delegation on behalf of all the industries in Bhubaneswar and NALCO.
Led by Rupali Save, Trade Commissioner of Canadian Consulate General, Qubec States, the delegation including Kevin Williams,vice president, business development, ADCL, Marie Lapointe, CEO, AluQuebec, and Francois Mousseau, business development manager, STAS Inc, had a brief discussion with CMD and Team NALCO, on joint ventures in setting up of upstream and downstream industries in the upcoming Park. The Canadian delegation also discussed about the technological know-how for better productivity and cost reductions through innovative solutions. The delegation visited the company’s Angul smelter plant.
It may be mentioned that the per capita aluminium consumption in India is only 2.2kg against world average of 7 kg and 20 kg in China and there is huge potential for increasing the consumption of aluminium from existing level of 3.2 million tons per annum to 8 million tons per annum in next 2 to 3 years.