ABOUT ANIL AGARWAL

Anil Agarwal-CEO Vedanta Resources Limited


Anil Agarwal, the chairman of Vedanta resources Limited and the mining baron has open on a variety of topics including the impact of the US and China trade war on China to the future of the Indian economy, currently facing an economic slowdown. Anil is very optimistic about the rebound in the economy.


Being very confident and dreaming to be able to produce 50% of the Indian oil demand in India, he has led emphasis on adopting cleaner technologies for a better tomorrow. According to him, oil has a very crucial role to play in the Indian economy and industrial growth. So, the industrial sector of India has to look for the opportunities that are in favour of the nation. With over 140 crores of population, India is one of the largest Markets for oil consumption.



His views on the long term implication of trade war between America and China:


  • Anil feels it is good that things that were once exported to America are now being diverted to India, owing to the ongoing trade war. As a result, Indian ports have an immense flow of scraps including electronic and other goods. And he is quite sure that the Modi government will take strong and corrective decisions to tackle the situation, sanely.



Macroeconomic Environment


  • According to Anil Agarwal, India is going through a phase of change and how the business uses to operate earlier, needs a makeover.

  • He is optimistic against the economic slowdown currently prevailing in the country to end up sometime soon.

  • Narendra Modi has transformed Gujarat and so will he do for whole India, assures Anil. Supporting more industries, reforms, sound business environment and eradication of corruption are the basic steps that will help the businesses flourish and the government is working towards incorporating them into the system. Patience is required on behalf of the masses so that the Indian economy can attain development at its required pace.


Reforms from the Government to Overcome the Slowdown


  • Anil has emphasized the importance of leverage. He addressed that no entrepreneur or industrialist is capable to built business on their own. Support from the government and the bank is very necessary to build strong industrial infrastructure for the nation.

  • Talking about his Electrosteel acquisition, he stated that this is a value-added investment to its already existing iron ore business. He didn't want to miss the opportunity offered to him to establish Electrosteel a world-class company similar to Bokaro.

  • Making a 1% contribution to the Indian GDP and paying over 2 lac crores of tax by Vedanta in the last 5 to 6 years, he is very proud of the country and its human, climatic, natural and location resources.

  • His Vedanta has invested ₹60000 crores in the country and produced oil in the country. With the further investment of Rs 25,000 crores in gas and oil, Rs 15000 crores in silver and zinc and Rs 15000 crores in aluminium, he is aiming towards the infusion of fresh blood into the Indian economy besides shooting up profits figures for Vedanta.

  • His Vedanta has invested ₹60000 crores in the country and produced oil in the country. With the further investment of Rs 25,000 crores in gas and oil, Rs 15000 crores in silver and zinc and Rs 15000 crores in aluminium, he is aiming towards the infusion of fresh blood into the Indian economy besides shooting up profits figures for Vedanta.

  • Anil Agarwal has emphasized privatization but with the motive of making industrial sectors more independent (autonomous or corporatized).

  • According to him, 70-80% of the economy is from the public sector and if this is made independent, the production will increase at least by three times which will further, shoot the GDP growth of the country.

  • So, he has urged unions in the public sector enterprises to increase the production of oil and gas so that reaching the benchmark of $ 5 trillion economy for India is not far away.