Home » Corporate » Italian delegation shows interest in investing in Angul Aluminium Park

Italian delegation shows interest in investing in Angul Aluminium Park

The prospect of rapid expansion in the Aluminium sector in Odisha, especially in the upcoming Angul Aluminium Park has attracted the attention of the visiting high level delegation team from Italy to set the platform for investment and collaboration with its counterparts in Odisha and India.The Aluminium Association of India (AAI) held the Indo-Italian Metal Hub seminar in NALCO Nagar, Bhubaneswar, in which Italian team led by the Consul General of Italy, Italian Aluminium Association, CEOs and Senior Executives of different Italian organisations and the Indian team led by NALCO, Govt.of Odisha, businesses and Government agencies and associations of Indian and Italian industry were involved in important deliberations and discussing the way forward to collaborate in the Aluminium sector.Mr. Damiano Francovigh, Italian Consul General in India stressed on improvement of bilateral relations between India and Italy, saying, ‘’Strengthening economic cooperation between India and Eastern India will go a long way in improving relations between Italy and India. The Indo-Italian Metal Hub seminar titled ‘Aluminium Age’ is also an effort in that direction.’’Shri Niranjan Pujari, Hon’ble Minister of Housing and Urban Development, Govt.of Odisha, said, ‘’Odisha offers the perfect ecosystem to be the Hub of Aluminium sector and we are committed to forge strong economic tie with Italy. The molten aluminium can be directly obtained from NALCO when the Angul Aluminium Park becomes operational.’’ The seminar was preceded by a site visit to proposed Angul Aluminium Park on 19th Jan 2018.  Shri Sanjeev Chopra, IAS, Additional Chief Secretary-cum-Principal Secretary to the Govt. Of Odisha and Chief Speaker at the seminar also strongly pitched the upcoming Angul Aluminium Park, saying, ‘’This visit by the Italian delegation team has come at a very opportune time as the future looks bright for investors looking at investing in the aluminium sector in Odisha. The potential for collaboration is immense. The response to the Angul Aluminium Park is unprecedented and will become a major centre in the world for aluminium downstream activities. The Park will rival the best in the world and NALCO will be there to provide concessions and hand-holding support to organisations.’’  Mr. S.K.Dash, Executive Director, NALCO, added, ‘’We welcome the visiting delegation team from Italy and are ready to walk the extra mile to make Angul Aluminium Park an attractive investment destination for businesses.’’The Seminar is expected to pave the way for discussion amongst important players, businesses, State Government and Government agencies, and associations of Indian and Italian industry in the engineering, metals and transportation sectors. The Indo-Italian Metal HUB tour is a programme aimed at decision makers in the industrial sector in India, Italy and Europe.The Italian delegation was represented by HE Damiano Francovigh, Italian Consul General in India, Mr Maurizio Sala, President, Amafond, Ms. Francesca Bruni, President, Art Valley, among other dignitaries, while the Indian team was led by Mr. Pratap Aditya Mishra, Additional Director General, Aluminium Association of India officials, senior officials from NALCO, Mr. Kamal Prakash, Director, Jiwanram Sheoduttrai Group, and other businesses and Govt. Officials.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

In a very big step towards self-reliance, BSNL has developed a completely indigenous 4G technology placing India among the top five countries in the world with fully indigenous technology to launch 4G services: PM

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone of development works worth ...

Road Show Showcases Angul Aluminium Park as Odisha’s Strategic Aluminium Hub and Investor Friendly Destination

National Aluminium Company Limited (NALCO), the NavratnaCPSE under the Ministry of Mines,        ...

MOIL starts export of Manganese ore as State Trading Enterprise

MOIL marked a significant milestone in manganese ore exports from India with the dispatch of ...

Government has provided special packages on DAP over and above the NBS subsidy rates on need basis in order to ensure smooth availability of DAP

Government has implemented Nutrient Based Subsidy Policy w.e.f. 1.4.2010 for Phosphatic and Potassic (P&K) Fertilizers. ...

44 Bids Received under 10th Round of Commercial Coal Mine Auctions

The Ministry of Coal has received an overwhelming response for the coal mines offered under ...

Department of Economic Affairs amends Securities Contracts Regulation Rules (SCRR), 1956, facilitating direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC

The Department of Economic Affairs, Ministry of Finance, has amended the Securities Contracts Regulation Rules ...

Government provides incentives to small tea growers

The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes ...

ECI cracks down on money power: Rs.100 crore seizure each day since 1st March . Rs. 4650 crores seized even before polling begins: Higher than total seizures in 2019 polls

With General Elections 2024 underway, ECI is on track for the highest ever seizures of ...

Despite persistent global challenges, overall exports (merchandise + services) estimated to surpass last year’s highest record. It is estimated to reach USD 776.68 Billion in FY 2023-24 as compared to USD 776.40 Billion in FY 2022-23.

India’s overall exports (Merchandise and Services combined) in March 2024* is estimated to be USD ...

IICA and HP India launch HP Future Impact Leaders – IICA Certified Environmental-Social-Governance (ESG) Professional Programme

The Indian Institute of Corporate Affairs (IICA), an autonomous institute under the Ministry of Corporate ...