TMC govt proactively sought investments: Vedanta’s Anil Agarwal

KOLKATA: Vedanta chairman Anil Agarwal on Monday stated the Mamata Banerjee authorities had contacted him inside a fortnight of her celebration’s return to energy searching for investments from his industrial group in West Bengal.
Agarwal, talking at an open digital dialogue with Indian Chamber of Commerce, appreciated the change of mindset of governments on the Centre and within the state with their proactive method in direction of traders.
“It’s outstanding. Inside 14-15 days of formation of the federal government in Bengal, I obtained two communications for funding within the state,” he stated however didn’t elaborate.
Agarwal additionally appreciated Central ministers for valuing what trade desires and stated the federal government can divest 60-70 per cent stake in PSUs as hive-off would take time.
The worth creation within the PSUs will be a minimum of 3-4 occasions, he added.
Agarwal expressed bullishness in regards to the energy sector. He stated energy might be equipped at Rs obtainable at Rs 2- Rs 3 per unit. “If effectively produced it is going to price about Re 1 a unit,” the top of the USD 12 billion income group stated.
In February this yr, Agarwal had stated that Vedanta had partnered with London-based world funding agency Centricus for making a $10 billion fund that may put money into stake sale of public sector corporations by the Indian authorities.
Vedanta is a diversified pure assets firm with pursuits in zinc-lead-silver, Iron ore, metal, copper, aluminium, energy, oil and gasoline.
The Bengal authorities had additionally despatched feelers to Tata group when it got here to recent funding. State trade minister Partha Chatterjee had stated the federal government was engaged on inviting investments within the state.

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