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Bhubaneswar, Nov 28: Aluminium Association of India (AAI) and leading aluminium association ASSOMET & AMAFOND of Italy will soon sign MoU for investing in a joint venture in the upcoming Aluminium Park at Angul that is being developed by leading Navratna National Aluminium Company Limited (NALCO) and Odisha Industrial Infrastructure Development Corporation (IDCO) an official release from NALCO reported.
The Consul General of Italy Damiano Francovigh along with other officials met Tapan Kumar Chand, CMD, NALCO & Chairman of AAI, at Bhubaneswar Tuesday , and discussed for Industrial cooperation and collaboration between Aluminium Industries of India & Italy. 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 the state. The Consul General agreed to this.
“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” Chand was quoted as saying.
The MoU is scheduled to be signed during the next visit of the Italian Industry delegation in January 2018.