1. Home >
  2. Export Import News >
  3. Business News >
  4. India's aluminum export expected to increase 5%

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India's aluminum export expected to increase 5%

Date: 20-08-2012
Subject: India's aluminum export expected to increase 5%
(MENAFN) Mukesh Kumar, president of Vedanta Aluminium Ltd, India's largest aluminum producer, expected India's aluminum exports to rise 5 percent in the current fiscal year to 325,000 tons, Reuters reported.

Vedanta Aluminum, a part of billionaire Anil Agarwal-controlled Vedanta Group, produces about 40 percent of the South Asian nation's total output.

The optimist forecast came despite a slowdown in global demand and falling prices have led global producers such as Alcoa and Norsk Hydro to cut production.

India exported 310,000 tons of aluminum in 2011/12, according to Kumar.

Indian aluminum producers have an edge over other global rivals, on low costs and availability of better grades of inputs such as bauxite. However, red tape and environmental delays have limited the availability of coal, the main fuel for aluminum production, Kumar said.

India produces around 1.6 million tons of aluminum, while domestic industries consume about 1.3 million tons annually.

Its domestic demand is poised to grow by 7 to 8 percent a year, led by its power transmission, construction and automobile sectors.

Source : menafn.com

INFODRIVE INDIA Copyright 1996-2017 InfodriveIndia. All Right Reserved

The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2018 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help