We plan to invest Rs 50,000 crore in next two years: Anil Agarwal

We plan to invest Rs 50,000 crore in next two years: Anil Agarwal

Anil Agarwal, founder and chairman, Vedanta Resources Plc, spoke about the growth expectations of his company and gave suggestions for the new government that would assume power after the general elections to take the country ahead in an interview with Swati Khandelwal.

Can you suggest something to the government, at the policy level, to help the country march on the path of development?

First, the government should come up with a simple policy to explore the metal resources available in the country. Districts should be empowered to make decisions and the matter must not escalate to the state or central level. However, policy decisions can be taken by the state or the Centre, but when it comes to implementation, then the districts should be empowered to take decisions on different fronts like development of sports, mining, industry, culture. Secondly, banks across the world are willing to increase their microfinance work.

So anyone with Aadhaar card should be offered a loan of Rs 2 lakh for the period of seven to eight years, as records suggest that small loans are easily repaid. The loan can help them in starting a business like buying an auto rickshaw or opening a tea stall or buying a buffalo to start milk business. Read More

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