Vedanta Group Plc chairman Anil Agarwal called on the government to privatise the idle assets of ONGC and Coal India, arguing that competition is essential to maximise benefits from the exploitation of natural resources.
“The government must have a big heart,” Agarwal told ET in an interview. “There are five things the government can do.
ONGC should be allowed to get a private partner for all the idle assets it owns. Coal India should do likewise for all the idle assets, by bringing in a private partner.
Sell Hindustan Copper with a caveat that no retrenchment will take place. Hindustan Copper can become another Hindustan Zinc. Kolar Gold Fields should be sold as it is. Let people make money. You (the government) will make more money.” Read More…