ONGC's market cap will shoot up to $300 billion from $30 billion if privatised: Anil Agarwal of Vedanta

India has a great potential and the country has grown because of entrepreneurs, Vedanata Chairman Anil Agarwal said.

"At the moment Indian growth is a bit like khichdi. But entrepreneurs will make it grow," Agarwal said at ET Global Business Summit in Delhi.

"We should not expect anything to happen overnight. I have 100 per cent believe that things in India will change. It is going through a process of transition," Agarwal said.


Agarwal said government need to support entrepreneurs. "Entrepreneurs need government support. Indian businesses have excelled where government has entrusted them. If government can support them, Indian businesses can deliver world-class facilities," he said.

"There is no dearth of talent, maximum startups in Silicon Valley are from Indians. So there are no reasons why that can't be done in India," he added.

"Indians have tremendous risk taking capacity. India has tremendous base of natural resources but not even 2 per cent has been explored. Indian entrepreneurs have great capability," Agarwal said.

Giving an example he said if ONGC is privatised, the market cap will jump to $300 billion from current $30 billion. Entrepreneurship is in DNA of India.