1. Piyush Goyal: No need to import aluminium

Piyush Goyal: No need to import aluminium

India doesn’t need to import aluminum when its domestic installed capacity was enough to cater to the local demand, power minister Piyush Goyal, who also holds the mines portfolio, said.

By: | Updated: August 28, 2016 7:20 AM
“I have heard that over 45% of India's requirement is being imported. Why should it be imported when we have enough capacity?” Piyush Goyal said. (PTI) “I have heard that over 45% of India’s requirement is being imported. Why should it be imported when we have enough capacity?” Piyush Goyal said. (PTI)

India doesn’t need to import aluminum when its domestic installed capacity was enough to cater to the local demand, power minister Piyush Goyal, who also holds the mines portfolio, said.

He, however, was non-committal when asked if he supported the domestic aluminum industry’s demand for a minimum import price for the metal.

“I have heard that over 45% of India’s requirement is being imported. Why should it be imported when we have enough capacity?” he said.

“Why should we import something that we can produce on our own. I am always going to support the domestic industry as long as they are fair,” he added.

Admitting that the process of allocation of non-coal mines has been slow, the minister said once states get used to the auction concept, the process will speed up.

He discounted the common perception that the problem of land acquisition was coming in the way.

Demand was also not an issue, he said. Following amendment of the MMDR (amendment) Act in March 2015, just seven mines could be successfully auctioned by the states.

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