The CoVid Crisis has exemplified the weaknesses of Globalisation and import dependency. Learning the lesson ,India has pushed the Atma Nirbhar Bharat Abhiyan- to make the indigenous sectors competitive and productive. Aluminium , being called “the Metal of the Future” -has a prime importance in realising this Dream.
Let us see what is so special about Aluminium.
Lightweight, recyclable , electrically conducting ,non- corosive and durable – the blend of these five useful characteristics make its application wide:
- According to a US State Dept. Report – 10% weight reduction by Aluminium results in 6-8% fuel savong . This makes it of prime importance in realising 2015 Paris Deal committments.
- Being easily recyclable, it is environment friendly.
- Being 3rd most abundant metal on the planet, it would result in equitable growth due to availability of all
- A lot of industries – Space ,Shipping ,Defence,Automobile ,Critical infrastructure like power ,railways and construction and electrical appliances- all have strong forward linkages with Aluminium industry
These reasons have resulted in Aluminium being declared as strategic metal by China , US ,Russia , South Korea , EU and Canada.
Now India has vast untapped potential in Aluminium industry- as its market share in the Globe is a petty 3.5% – per capita consumption -2.5 kg , whereas Global average is 11 kg.
Thus to become Atma Nirbhar , India’s Aluminium Policy needs to be realigned with present needs to increase production ,consumption and share in global market in aluminium industry.