Vedanta to invest $30 bn in India if climate remains positive.

Metals and mining conglomerate Vedanta Resources can make fresh investments of over $30 billion in India if the investment climate in the country remains positive, its chief Anil Agarwal siad recently.

'We have invested heavily in India - $30 billion in last ten years. Numbers will never be a constraint. It is going to be more than previous $30 billion now if things remain positive,' Agarwal told PTI in an interview.

He exuded confidence that things are looking positive with the change of guard at the Centre and India has caught the fancy of the world.

'India is being discussed globally. There is a big difference in the investment climate. Everybody is discussing in their board rooms that India is opening up.

'Give them more confidence. Be more lucrative. These companies will not come for charity. They will come for profitable venture and we should not be scared of giving them better proposition than other countries,' he said.

Talking about Vendanta's future investments in India, Agarwal said, 'The company is looking to invest $6 billion in next two to three years, including $3 billion in oil and gas and remaining $3 billion in other businesses like zinc and aluminium.'

He said the company is keen on investing in coal and is looking to participate in the ongoing mines auctions. .


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