Bhubaneswar: The Aluminium Association of India (AAI) and Italy’s leading aluminium association ASSOMET & AMAFOND  are going to sign an MoU in January 2018 to jointly invest in the Angul Aluminium Park in Odisha.  The Park is developed jointly by Central sector Nalco and the Odisha government’s Idco.

The Consul General of Italy  Damiano Francovigh along with other officials of his country met Tuesday Dr. Tapan Kumar Chand, Nalco CMD and chairman of AAI, at Bhubaneswar, and held discussion for industrial cooperation and collaboration between aluminium industries of India  and Italy.

During the discussion Dr. Chand was optimistic about the business partnership and proposed the Italian industry delegation led by Consul General and Ambassador of Italy to visit Nalco  and other industries in Odisha, and this was agreed by Consul General.

“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. Global firms should come forward for investing in joint ventures with up-stream and down-stream units” said Dr. Chand.

The MoU is scheduled to be signed during the next visit of the Italian industry delegation in January 2018.