There are opportunities to set up downstream industries in Thoothukudi, says Sterlite CEO

TUTICORIN, India - Aug. 2, 2013 - PRLog -- Tuticorin: There are huge investment opportunities to set up downstream industries in Thoothukudi said Mr.P.Ramnath, Chief Executive Officer, Sterlite Copper. He was addressing a conference on ‘Investment Opportunities at Thoothukudi’ organised by All India Chamber of Commerce and Industry (AICCI), Thoothukudi branch at Chennai recently. Mr.G.K.Vasan, Honourable Union Minister for Shipping was the chief guest of the programme.

“Thoothukudi can be an ideal investment destination due to better road and rail connectivity, port, land availability at competitive rates, assured supply of power as major power plants are nearing completion, setting up of desalination plants for meeting water requirements and availability of manpower,” mentioned Mr.P.Ramnath.

Mr.P.Ramnath said that Sterlite’s copper cathodes, rods, sulphuric acid, phosphoric acid, gypsum and ferro sand have numerous applications and can be a source to set up downstream industries in Thoothukudi. “Downstream industries to make Enamelled Copper Wires, Copper strips, Copper Cables, Single Super Phosphate (Phosphatic Fertilizer), Linear Alkyl Benzene Sulphonic Acid (Detergent Intermediate), Sodium Silico Fluoride (water treatment chemical), Copper Slag Grading (Abrasive Industry) can be set up based on the raw materials available from Sterlite”, he added.

He concluded that the company would supply raw materials for these downstream industries on a long term basis which would drive economic growth of the district by improving employment opportunities.

For further information, please contact:

K.R.Rajesh

Associate Manager - Public Relations

Sterlite Copper

rajesh.kr@vedanta.co.in

Tel:  +91 461 424 2926