RK Jain
Senior VP - Corporate Affairs
Jindal Aluminium
Siliconindia recently got a chance to interact with RK Jain, Senior VP - Corporate Affairs, Jindal Aluminium, wherein he shared his thoughtful insights on the current downstream aluminium sector in India, its contribution towards the country’s growth and many other aspects. Read on to know more about these interesting topics
Share your thoughts on the current downstream aluminium industry in India?
The primary and downstream sectors of the aluminium industry are currently facing distinct economic conditions and challenges. Although the downstream sector is dependent on the upstream for the supply of raw materials, both the industries operate independently. The downstream sector which includes value-addition, contends with intense competition due to low profit margins, proliferation of small extrusion units in the informal sector, and the influx of aluminium products from neighbouring countries. While the approach to these sectors varies globally, the downstream industry in India is still in its nascence and is yet to receive due recognition. Recognizing and supporting the Indian downstream aluminium sector has the potential to contribute significantly to the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. This support, aligned with appropriate government policies, could also create substantial employment opportunities within the country’s aluminium industry.
Throw some light on a few latest trends and use cases that are shaping the downstream aluminium sector.
This story is from the August 2024 edition of Siliconindia - India Edition.
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This story is from the August 2024 edition of Siliconindia - India Edition.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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