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Aluminium industry bullish on auto sector to drive growth
Bangalore, Dec 01: Expressing confidence that the growing Indian economy would drive aluminium consumption, the Aluminium Association of India (AAI) today said it had targetted automobiles, the power sector and the packaging industry to boost growth.
Bangalore, Dec 01: Expressing confidence that the
growing Indian economy would drive aluminium consumption, the
Aluminium Association of India (AAI) today said it had
targetted automobiles, the power sector and the packaging
industry to boost growth.
"The three main areas are automobile, electrical wiring
and food packaging to drive growth for aluminium and boost per
capita consumption to international levels of 20 kg from 600
grams in India," AAI President C Venkataramana told reporters
here on the sidelines of the national conference on 'global
initiatives and Indian opportunities in aluminium in
automobiles".
India's per capita aluminium consumption was 600 gm as against 2.9 kg in China, 35 kg in the US and 45 kg in Japan, he said.
Venkataramana said domestic aluminium consumption stood at seven lakh tonnes last year and added that production would increase as and when consumption added up.
Though the aluminium sector was a capital-intensive industry, there were enough investors waiting to invest in aluminium plants, provided they had consumers for the product, he added.
Bureau Report
India's per capita aluminium consumption was 600 gm as against 2.9 kg in China, 35 kg in the US and 45 kg in Japan, he said.
Venkataramana said domestic aluminium consumption stood at seven lakh tonnes last year and added that production would increase as and when consumption added up.
Though the aluminium sector was a capital-intensive industry, there were enough investors waiting to invest in aluminium plants, provided they had consumers for the product, he added.
Bureau Report