ANIL AGARWAL, Founder and Executive Chairman, Vedanta Resources Limited, is a multi-faceted industry leader and a nationalist. In an exclusive interview with BW Businessworld’s Suman K. Jha, Agarwal outlines his vision for the company and for India. Excerpts:
When do you plan to open the Tuticorin plant after the go-ahead by the Supreme Court and the National Green Tribunal?
Nothing can happen without copper. Copper has to be processed. In the world, about 16 (companies) make copper. We believe we make copper using one of the best technologies. After setting up the plant, we have been catering to 50 per cent to 60 per cent of the demand in the country. About 200 industries are dependent on us. Hundreds of thousands of livelihoods are dependent on this (plant). Also, the fertiliser companies are dependent on us.
We have no idea how this situation happened. The plant was shut down. We have always said we are ready for any kind of inspection. The Supreme Court has directed the NGT to get into details and give them a report. The NGT has come out with a report and said that the plant is to be reopened. They have made a suggestion for a further investment which was not necessary, but we have said that whatever suggestion they have made we will complete in due course. Meanwhile the court has said the plant is to be reopened.
I fully believe in the Supreme Court. I believe in the system in India. The government is losing thousands of crores in revenue. Thousands have lost their jobs. It’s in the interest of all that we reopen the plant as quickly as possible. At the same time we have to see that the people don’t take undue advantage of the democracy that India is.
What about the mining issue in Goa?
Between Goa mines and Tuticorin, we have got, maybe, five per cent of our total business. It’s a livelihood issue for Goa. For the last 70 years, the economy of the state was dependent on this. There were no environmental issues.
We are working with the people and the court. Very soon some resolution will be there.
Bu hikaye Businessworld dergisinin January 5, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Businessworld dergisinin January 5, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences
