Leading Indian aluminium companies are turning to the cluster model to tap downstream investments and diversify aluminium applications in the country.
Both state run entities National Aluminium Company (Nalco) and Vedanta Ltd, the Indian arm of London listed metals conglomerate Vedanta Resources Plc, are developing aluminium parks to offer a conducive ecosystem to players in the downstream space.
To lure the downstream industries, both primary aluminium producers are offering a suite of incentives ranging from discounted molten aluminium supplies to concessional land plots at the parks. India’s aluminium growth story is robust. Between 2015 and 2016, the country’s total aluminium consumption expanded by 18.75 per cent, riding on increased offtake in the electrical, transportation and construction sectors. Continue Reading →