AAI to sign MoU with ASSOMET & AMAFOND to invest in Angul Aluminium Park

Bhubaneswar: Aluminium Association of India (AAI) and leading aluminium association ASSOMET & AMAFOND of Italy will soon sign a MoU for investing in the Angul Aluminium Park.

TheAngul Aluminium Park is being developed by National Aluminium Company Limited (NALCO) and Odisha Industrial Infrastructure Development Corporation (IDCO).

The Consul General of Italy Damiano Francovigh along with other officials met Tapan Kumar Chand, CMD, NALCO and Chairman of AAI, at Bhubaneswar on Tuesday and held discussion for industrial cooperation and collaboration between Aluminium Industries of India and Italy.

During the discussion, Chand was optimistic about the business partnership. He proposed the Italian Industry delegation led by Consul General and Ambassador of Italy to visit NALCO and other industries in Odisha. This was agreed by Consul General.

“With large bauxite reserves and presence of major aluminium 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 Chand.

It may be mentioned that the MoU is scheduled to be signed during the next visit of the Italian Industry delegation in January 2018.