Vedanta plans Rs.50k-cr for mining sector

According to the Vedanta Resources Chairman Anil Agarwal, his company has decided to invest a staggering sum worth Rs.50,000 crore in multiple projects in infra and mining sectors. It may be recalled that Vedanta is a major player in India's Zinc Industry, primary Aluminium market, and refined copper with market shares of 72%, 40%, and 35% respectively. He further said that this decade will belong to India and it is the best time to invest as the kind of image India has all over the world, the retrospective tax is one small thing which has to be sorted out. Highlighting some of the reform measures taken by the government, Agarwal said bankruptcy law and Goods and Services Tax (GST) will help improve the business environment and attract global investors.

Published: 05 September 2017