(a) whether the Government proposes to set up upstream and downstream
industries in the National Aluminium Company Limited(NALCO) industrial area;
(b) if so, the details thereof indicating the players which have shown keen
interest for the same alongwith the funds earmarked therefor; and
(c) the progress made in this regard so far?
THE MINISTER OF STATE (INDEPENDENT CHARGE) FOR MINES (SHRI DINSHA PATEL)
(a): National Aluminium Company Limited(NALCO) has informed that the Company
does not have any identified industrial area for upstream and downstream industries.
However, Angul Aluminium Park Private Limited, a joint venture Company between NALCO
and Orissa Industrial Infrastructure Development Corporation(IDCO) has been
incorporated in July, 2010 for the development of upstream and downstream industries
in the proposed Aluminium Park at Angul.
(b): Under the Angul Aluminium Park Private Limited, both ancillaries and
downstream units shall be encouraged to set up their respective units within the
proposed Aluminium Park. NALCO has agreed to participate in equity of 49.5% of
the Joint venture Company, the share for which comes to Rs. 14.85 crore. In
addition to equity participation, NALCO has agreed to lend Rs. 20 crores as
loan to the Joint venture Company.
(c): An Expression of Interest(EoI) has been floated on 27.7.2011 for inviting
potential entrepreneurs/manufacturers in both ancillaries and downstream category
to participate in the proposed Aluminium Park.