Vedanta Chairman Anil Agarwal has urged the government to entrust Indian entrepreneurs with greater responsibility in the natural resources sector, highlighting their proven track record in building world-class industries such as telecom, aviation, ports, steel, cement, and power EPC.
Drawing on his assessment of 24 public sector enterprises across hydrocarbons, minerals, metals, and fertilizers, Agarwal noted that these companies possess robust human capital and untapped potential. He emphasized that with entrepreneurial leadership and investment, these PSUs can significantly enhance domestic production and reduce import dependency.
Agarwal said India has already achieved remarkable success in agriculture—“above the ground”—and must now replicate that momentum in “below-the-ground” sectors like mining and hydrocarbons, where the country holds strong geological advantages.
Citing the transformation of Hindustan Zinc and BALCO, he pointed out that strategic investments and advanced technologies led to a fivefold increase in employment and a 10–15 times surge in production, while also catalyzing the growth of downstream industries.
Agarwal underscored that such a model could be replicated across PSUs without job losses, despite funding challenges, ultimately contributing to the vision of an Atmanirbhar Bharat.
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