Vedanta Applauds India’s Aluminium Vision to Become Global Hub by 2047
Vedanta has welcomed the launch of India’s National Aluminium Vision document by Shri G. Kishan Reddy, Hon’ble Minister for Coal and Mines. The document presents a clear roadmap to position India as a global aluminium hub and achieve a 10% share of the global aluminium market by 2047. It emphasizes self-reliance in aluminium production, raw material security, low-carbon operations, and growth in value-added exports, key steps toward building an Aatmanirbhar and Viksit Bharat.
The vision recognizes aluminium as a strategic and critical metal, essential for renewable energy, electric mobility, green infrastructure, defence, and advanced technologies. It aligns with the global trend where developed nations treat aluminium as vital to future growth.
India’s aluminium demand is expected to rise sixfold by 2047. To meet this, annual production must increase from the current 4.5 million tonnes to 37 million tonnes, requiring an estimated investment of over Rs 20 lakh crore. Vedanta sees this as a pivotal moment for India to lead the global aluminium landscape while advancing toward its goal of becoming the world’s third-largest economy.
Rajiv Kumar, CEO, Vedanta Aluminium said, “The aluminium industry today is not merely a supplier of metal, it is a key enabler of India’s journey towards a $30 trillion economy, net-zero targets, and manufacturing competitiveness. The vision document reaffirms that aluminium is the metal of the future, vital for India’s energy independence, net-zero ambitions, and global competitiveness. To make this vision a reality requires support in the form of swift, decisive policy reforms. The moment to act is now. If we can unlock our resource potential and foster value-added manufacturing, India can emerge not just as a leader in aluminium but as a beacon of sustainable industrial growth.”
The vision document highlights that while India is the world’s 2nd largest producer of aluminium, it accounts for just 6% of global production. This points to the massive untapped potential that the aluminium sector holds. When effectively leveraged, it will lead to huge socio-economic gains, while connecting the remotest part of the country to the mainstream. For every direct employment, Aluminium industry has the capacity to generate indirect employment of 3.7 times.
The vision document underscores that India’s aluminium demand is on an exponential growth trajectory and meeting this demand will require significant investment, timely execution, and policy reforms. To meet future demand and reduce import dependency, it is imperative to increase bauxite production to 50 MTPA by 2030 and 150 MTPA by 2047, promote circularity through structured scrap collection and recycling, increase consumption intensity, and enhance focus on quality in the entire production value chain. The sector is poised to grow with the adoption of Industry 4.0, leveraging digitalisation, AI, and automation.
As India stands poised to redefine its aluminium future, Vedanta reiterates its commitment to working closely with the Government in making the aluminium sector a flagship for sustainable growth, global competitiveness, and national resilience.
