June 26th 2024.
In Bhubaneswar, a workshop was recently organized by Hindalco in collaboration with the Confederation of Indian Industry and Utkal Chamber of Commerce and Industry Limited. The workshop, held on Tuesday, focused on discussing the various manufacturing opportunities available for MSMEs in the downstream aluminium industry. The event shed light on the state's growing prominence as a global hub for aluminium manufacturing.
During his inaugural address, Shashi Sekhar Mohanty, CEO of Essar Minnet Limited, highlighted the crucial role played by MSMEs in the value chain of the aluminium industry. He stated that in order for MSMEs to thrive, they require a secure supply of raw materials, technological support, operational efficiency, financial backing, and effective marketing. These are all key elements that can be provided by the larger aluminium downstream industries.
Bibhu Mishra, advisor for Hindalco, further expanded on the theme and emphasized the company's significant presence in the state. As a global leader in aluminium, Hindalco produces downstream products that are used as inputs for a diverse range of end products, from food packaging to battery enclosures. Mishra explained that the market for these innovative products is expanding, creating ample growth opportunities for businesses based in Odisha.
The workshop saw the participation of notable figures such as Pradipta Mohanty, chairman of SNM group, Ramanuj Narayan, director of IIMT, and Sanjeeb Mohapatra, vice president of UCCIL. Collectively, they highlighted the critical role of MSMEs in driving innovation, employment, and regional economic development in the downstream aluminium sector.
It was a fruitful discussion that brought to light the immense potential for MSMEs in the downstream aluminium industry. The speakers also stressed the importance of collaboration between larger industries and MSMEs in order to foster growth and development in the sector. With the state's growing prominence as a global hub for aluminium manufacturing, it is crucial for businesses, both big and small, to work together towards a common goal of driving progress and prosperity.
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