Vedanta will not go to family, will be institutionalised: Anil Agarwal

“We are the biggest producer of oil in India, largest manufacturer of silver, zinc … we will at any cost institutionalise it (Vedanta). In my opinion 75 percent must return to the society … 25 per cent is sufficient for the household,” Anil Agarwal stated.


June 26, 2021/ 08:50 PM IST

Vedanta Chairman Anil Agarwal (Image: Pti)

Vedanta Chairman Anil Agarwal (Image: PTI)Vedanta Resources Chairman Anil Agarwal on Saturday said that the business will be institutionalised at any cost and will not

go to his household. The business, he said, can not be worked on a protective mode.”Our company will not go to our household. Our family is also an organization, a complete organization … If it (the household) gets capable of (running Vedanta in the future) then it is a different thing. However a company can not be a run on a protective mode,” he said.

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He was speaking during a webinar on ‘Vedanta of Service’ arranged by the FICCI Ladies Organisation (FLO), the ladies business wing of the apex body FICCI.

“We are the largest manufacturer of oil in India, largest producer of silver, zinc … we will at any cost institutionalise it (Vedanta). In my opinion 75 per cent must go back to the society … 25 per cent is more than enough for the family,” the metals and mining mogul stated even more.

India is a land of entrepreneurship with the benefit of place, young skill, natural deposits and sea on 3 sides, the mining baron said, adding that the nation is moving towards a self-reliant economy.

But the world constantly took a look at India as a market and never ever desired to see it grow. However presently the procedure of self-reliance has grown and youth and start ups with brand-new ideas are taking the country to newer heights, he said.

India has the biggest deposit of oil, gold and minerals, he said including that it is about time to explore them and particularly the young and the ladies business owner needs to do it.

Worldwide, an average of 44 per cent females are entrepreneurs and head numerous business. In India, it is still about 20 percent. It is time for women to come up as they are convincing and they provide, Agarwal said.

Published at Sat, 26 Jun 2021 15:18:46 +0000