Hyderabad|India|June'2009: The BRIC countries including India showed a pattern of growth while all other countries are facing economic crunch and slowdown consequent to the global melt down. That is because India after China has been the most sought after country for foreign investments. Many non –ferrous companies of India too have started investing and acquiring mines etc in countries like UK, USA and Australia said Dr. L Pugazhenthy, President, Indian Institute of Metals and Executive Director, ILZDA during the Presidential remarks at the National Seminar on “Non ferrous Metals (NFM) and Global Melt Down (GMD)–India‘s strategies” organized by Non Ferrous Division and Hyderabad chapter of the Indian Institute of Metals (IIM) at Green Park Hotel in Hyderabad, today.

During the inaugural address, Shri P Parvathisem, Former President ,IIM and former CMD , NALCO & also Hindustan Copper Ltd said that India remained unaffected by the global meltdown mainly because of various Regulatory and Control mechanisms that we have and by nature being conservative in our approach. India is expected to grow at about 7%. India witnessed substantial growth, progress in Zinc and Copper production and have to progressively invest in exploration and mining. In case of Aluminium, India is endowed with rich deposits and required R&D efforts for making Alumina. In case of Lead, we should strive to develop it in a big way, he said.

Dr. P Rmachandra Rao, Raja Ramanna Fellow and former Vice Chancellor of Benaras Hindu University during his address said that there is tremendous scope for developing downstream processes of Aluminium Alloys. He also made a presentation on Rapid Solidification of Aluminium Alloys.

Earlier while welcoming the participants and speakers Dr. G Malakondiah, Director, DMRL, Co-Chairman NFM_GMD’09 said that the two day deliberations and debate will be on how Indian industry would strategies to face the global melt down.

Reachout's News Bureau
 June' 2009