Vedanta's Anil Agarwal calls for policies to reduce dependence on imports

Agarwal vowed investments of $8 billion in India by Vedanta group, including about $3-4 billion in oil and gas sector only in the next two years

Vedanta Chairman Anil Agarwal has written to Prime Minister Narendra Modi, batting for a better policy environment to raise investments and reduce India’s dependence on imports of natural resources. 

“We would like to see policies and legislation conducive to ensuring greater investment in the natural resources sector to make India self-sufficient and take away its dependency on imports,” he wrote in the letter dated September 12. 

During the first round of oil and gas auction under the Open Acreage Licensing Policy, Vedanta got the maximum number of 41 blocks. A contract in this regard is set to be signed with the government