ET reported that public sector aluminum miner National Aluminum Company Limited has invited potential entrepreneurs and manufacturers to set up ancillary and downstream units at its Angul Aluminum Park in Orissa.
Mr Dinsha Patel mines minister of India said an EoI has been floated on July 27th 2011 for inviting potential entrepreneurs and manufacturers in both ancillaries and downstream category to participate in the proposed Aluminum Park.
In order to promote aluminum specific downstream and ancillary units in Orissa, Nalco and Orissa Industrial Infrastructure Development Corporation formed a joint venture firm, Angul Aluminum Park Private Limited in July last year for setting up an Aluminum Park adjacent to Nalco's smelter plant in Angul district.
Mr Dinsha said that under the Angul Aluminum Park Private Limited, both ancillaries and downstream units shall be encouraged to set up their respective units within the proposed Aluminum Park. Nalco has agreed to participate in equity of 49.5% of the joint venture company.
He said that the PSU has also agreed to provide INR 20 crore loan to the joint venture company. However Nalco does not have any identified industrial area for upstream and downstream industries.
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