New Delhi: Import parity pricing of primary metal raises raw material costs for entrepreneurs in the domestic downstream aluminium sector, squeezing their margins and hurting manufacturing competitiveness, according to a report.
Despite being the world's second-largest producer of primary aluminium with an installed capacity of over 4.16 million tonnes annually, the country's nearly 3,500 downstream and secondary aluminium units - mostly micro, small and medium enterprises (MSMEs) - face significant structural disadvantages, said the report by public policy think tank Policy Consensus Centre.
