'If government of India and Karnataka...': Vedanta chairman Anil Agarwal has a fix for India's gold, copper pinch

Posted on:
Key Points

Vedanta Chairman Anil Agarwal has pushed for private sector involvement to reduce India's reliance on imported gold and copper despite having ample resources..

"India consumes around 900 tonnes of gold each year but produces only 1 tonne domestically..

Our imports of gold every year are worth $45 billion or Rs 3.4 lakh crore..

In copper, we import 95% of our requirement worth over $3 billion a year or Rs 24,000 crore," Agarwal said in a post on X...

Agarwal highlighted the common thread in the gold and copper sectors: Public sector companies...