Anil Agarwal, Chairman of Vedanta Group, anticipates that the importation of minerals, metals, and energy will increase threefold from the current $350 billion as Indian economy accelerates. He highlighted that fifty percent of the country’s imports, totalling over $350 billion, are comprised of minerals and metals, including oil and gas.
As the economy continues to grow rapidly, this figure is expected to double or triple, presenting a $1 trillion investment opportunity. Agarwal noted that around seventy percent of Vedanta’s revenue is derived from critical minerals essential for the future, which is the highest among its peers.
As reported by thehindubusinessline.com, with regards to expansion plans, the group intends to focus on the 1.5-mtpa alumina refinery in Lanjigarh, bring the Bicholim mine in Goa into operation, and begin production at the Jaya oilfield in Gujarat within this year.
