VEDANTA RESOURCES Press Statement:
- Mr. Anil Agarwal, Chairman, Vedanta, tweeted - 'India has the potential, resources and talent to become the engine of global economic growth #HTLS2015'
- Mr. Anil Agarwal, Chairman, Vedanta, tweeted - 'I am confident India will emerge as a global investment destination and an easier place to do business #HTLS2015'
- Mr. Anil Agarwal, Chairman, Vedanta, tweeted - 'Delighted to be at the HT Leadership Summit today to hear @PMOIndia deliberations on India's future #HTLS2015'
Vedanta, India's only diversified natural resources company is participating at the Hindustan Times Leadership Summit 2015, held today and tomorrow. While attending the Hindustan Times Leadership Summit, Mr. Agarwal said, 'I am confident it will emerge as a global investment destination and an easier place to do business.'
The Indian government needs to take a broader perspective of its policies and reduce process time to ensure a faster and transparent decision. Stressing for higher extraction of natural resources in the country, Mr Agarwal, while commending Honourable Prime Minister Narendra Modi's ambitious 'Make In India' mission, suggested that it needs to be supported by 'Find In India' and 'Mine in India', thus skilling the youth and creating thousands of SME's and create job opportunities.
Vedanta has created value for all the stakeholders, including the Government of India, and has produced tremendous job opportunities across the natural resources value chain. It is Mr Agarwal's dream for Vedanta to be India's flagship and world class diversified natural resources company which represents the country on the global map.
Mr Agarwal is committed towards poverty eradication and making India a self-sufficient economy. He believes that for every young individual to truly become an active participant in India's economic growth the tripartite network of government, academia and industry is crucial. It will engage, enable and empower these bright minds thus boosting not just employability but also enterprise.
Today India looks poised to grow at over 7.5%. While, it is a robust rate, Mr. Anil Agarwal is confident that it can achieve double-digit growth. The nation's billion plus population houses over 600 million women. 50% of its total population is between the ages of 0-25, which makes India one of the youngest nations globally. Such demographic wealth is unmatched. But it can only be tapped when its youth are educated, when its women are empowered.
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Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Vedanta Ltd, formerly Sesa Sterlite Ltd. is the Indian subsidiary of Vedanta Resources Plc, a London- listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
President - Group Sustainability, CSR and Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
Disclaimer
This press release contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'should' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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