Meet Mr. Jayant Jain, supremo of the Ahmedabad-based GR Metal Group. Currently, he serves as the Managing Director of Guru Rajendra Metalloys India Pvt Ltd and G.R. Metalloys Pvt Ltd.

Under his leadership, G.R. Metalloys has emerged as one of the largest manufacturers of aluminium alloys in India, supplying to several OEMs and Tier-1 players. In a free-wheeling BigMint Podcast, Jain discusses several key issues the aluminium industry is grappling with. 

Key takeaways 
Mr.Jayant Jain, supremo of the Ahmedabad-based GR Metal Group, in a free-wheeling BigMint Podcast, says. 
 

• From writing instruments to metals, the journey was not easy. The GR Metal Group’s aim was to enter manufacturing. But being a greenfield area, it was imperative to understand the business first through scrap trading and subsequently enter manufacturing.
• No reduction in BCD on aluminium scrap in this year’s Budget was a big upset. 
• GST should be reduced to minimum level of 5% so that it cuts out chances of fake credit in the industry. 
• The Customs Duty on imports of all metals scrap must be abolished because India is deficient in all metal scrap generation. 
• Total aluminum scrap consumption in India is currently at 2.5 million tonnes per annum of which 1.8-2 mnt are imports and the balance is domestically sourced.
•  Consumption of aluminium in India will reach 7 mnt in India by 2030 from the current 4 mnt.From writing instruments to metals, the journey was not easy.