Vedanta chief Anil Agarwal expects forward-looking policies from new government

MUMBAI: Asking the incoming government to leverage the potential of natural resources, industrialist Anil Agarwal today called for bringing in clear reforms and forward-looking policies for boosting India's economic growth.

"The country, in spite of having abundant reserves of oil & gas, bauxite, coal, iron ore, copper and gold is still spending billions of dollars on imports. In fact, our annual import bill today is close to $500 billion."

"Thus, it is time that we explore, produce and utilise our natural resources optimally in the most sustainable and environment-friendly manner," the Vedanta Group Chairman said.

"We expect the new Government to put clear reforms and forward-looking policies at the top of their agenda, to open up and harness this sector's potential to contribute and strongly impact the GDP growth of the country," he added.