Kolkata: Chairman of Vedanta Anil Agarwal on Monday said the Banerjee Mamata government had contacted him in two weeks of the return of his party to the power of seeking investment from the industrial group in Bengal.
Agarwal, speaking in open virtual discussions with the Indian Chamber of Commerce, appreciated the change in the mindset of the government in the middle and in the state with their proactive approach to investors.
“It’s amazing.
In 14-15 days the establishment of the government in Bengal, I got two communications for investment in the state,” he said but not complicated.
Agarwal also values the central ministers for appreciating what industrial desires and said the government can develop 60-70 percent of shares in psus when Hive-off will take time.
The creation of values in the PSUS can be at least 3-4 times, he added.
Agarwal states bullishes about the electricity sector.
He said the power could be supplied on RS available at RS 2- RS 3 per unit.
“If it efficiently produces it will cost around 1 unit,” said the head of the income group of USD 12 billion.
In February this year, Agarwal said that Vedanta partnered with London-based global investment companies to create $ 10 billion in funds that would invest in the sale of public sector companies by the Government of India.
Vedanta is a diverse natural resource company with interest in zinc-lead-silver, iron ore, steel, copper, aluminum, power, oil and gas.
The Bengal government has also sent a taste to Tata Group when it comes to new investments.
The Minister of State of Partha Chatterjee said the government was working on investment in the state.
TMC GOVT Proactively Looking for Investment: Vedanta’s Anil Agarwal
