NALCO to Launch Cashless Model for MSMEs

On its 39th Foundation Day, NALCO launched a slew of initiatives to promote cultural organisations and sporting talents in Odisha. In addition, it also reinforced its plans to strengthen business in the coming year. 


Addressing the occasion, Dr. Tapan Kumar Chand, CMD, NALCO highlighted the company’s strong performance and growth while laying focus on taking concrete steps to open the new Coal Mines and giving a strong push to the Wire Rod Mill Project at Angul during 2019. 


Dr. Chan also applauded the employees for helping the Company achieve the distinction of being the lowest cost producer of Alumina and the 2nd lowest cost bauxite producer in the world. 


As a leading CPSE and Mother Plant, Dr. Chand said that a Cashless Model is being launched for the MSMEs that will ensure supply of input materials from NALCO and lending marketing support for finished products of MSMEs, making the units ab-initio economic viable and building an industrial ecosystem around the Mother plant. This will enable promotion of local employment where more than 2000 people will be engaged in 200 such MSMEs, he added.

 

Updated On 09-Jan-2019

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