Vedanta to invest $20 billion, eyes PSUs on selloff list
NEW DELHI: Vedanta group chairman Anil Agarwal says his companies are looking to invest around $20 billion in India, including in the privatisation of BPCL, Shipping Corporation and Hindustan Copper.
In an interview to TOI on the sidelines of the Dubai Expo, he suggests there is pressure from foreign entities to block manufacturing in India, including through concerns over environment and other issues. Excerpts:
What are the companies & sectors that interest you on the disinvestment list?
In a democratic country, the government does not run business. Our existing assets can be swept three times and so privatisation is a good move.
