India News: Hyderabad, Dec 8 (IANS) The Aluminium Association of India and its US counterpart, The Aluminium Association, Thursday signed a Memorandum of Understanding (MoU) for technology and knowledge sharing.
The MoU signed on the last day of the sixth tth International Conference on Aluminium (INCAL 2011) here is expected to facilitate the growth of the aluminium sector in India.
K.S.S. Murthy, Honorary General Secretary, AAI and Charles D. Johnson, Jr. Vice-president (environment, health & safety), The Aluminium Association (TAA) signed the MoU.
The MoU will facilitate exchanging of information on effective recycling programs in the transportation, packaging and building and construction markets; and promote Aluminium as sustainable material in the three markets.
The US is the fourth largest producer of aluminium and second largest consumer in the world while India is the eighth largest producer and fifth largest consumer.
The gap, however, is very wide in terms per person consumption of Aluminium. While per person consumption of Aluminium in the US is 22.3 kg, in India it is 1.8 kg.
Organisers said the three-day INCAL 2011 was a huge success with participants, especially those from top aluminium markets, such as the US, China and Japan, expressing satisfaction over the outcome of the deliberations on promoting aluminium.
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