Vedanta chief for abolishing export duty on iron ore

Metal, mining, oil and gas major Vedanta Group's chief Anil Agarwal today asked the government to give clearances for reopening iron ore mines in Goa and abolish export duty on the steel-making raw material.
Highlighting the potential of India's mining sector, the billionaire NRI also said while the country has the ability to produce 600 million tonnes of iron ore, but is only producing 100 million tonnes, Sesa Sterlite, a Vedanta Group company, said in statement quoting Agarwal's tweet.
"The country has abundant natural resources for companies to come to India to explore oil and the natural resources. Countries like America, Central America, Australia, the Middle East have eradicated poverty, created jobs by focusing on natural resources," he said.

The time is conducive for India to come forward and invite the world with open arms to invest in natural resources, he added.
Agarwal also said that a level-playing field for PSUs and private sector will create healthy competition and unlock the country's abundant natural resource potential.
"Stable and consistent policies will enable healthy competition not just between PSUs and private sector companies but even multinationals. Further, he stressed that government should not be differentiating between PSUs and private players," the statement aid.
Agarwal is of the opinion that it will open up industry, facilitate companies to invest in infrastructure, upgrade technologies and provide employment opportunities across sectors, it added.