Anil Agarwal, Energy News, ET EnergyWorld
“Our business will not go to our family. Our family is also an institution, a complete institution… If it (the family) becomes capable (of running Vedanta in the future) then that is a different thing. a business cannot be a race in a defensive mode, ”he said.
He was speaking at a webinar on ‘Vedanta of Business’ organized by the FICCI Ladies Organization (FLO), the women entrepreneurs wing of the umbrella organization FICCI.
“We are the biggest producer of oil in India, the biggest producer of silver, zinc … we are going to institutionalize it (Vedanta) at all costs. In my opinion, 75% must go back to the company. 25% is more than enough for the family, ”added the metals and mining mogul.
India is a land of entrepreneurship with the advantage of location, young talent, natural resources and the sea on three sides, the mining baron said, adding that the country is moving towards a self-sustaining economy. .
But the world has always viewed India as a market and never wanted to see it grow. But now the process of self-sufficiency has developed and young people and start-ups with new ideas are taking the country to new heights, he said.
India has the largest deposit of oil, gold and minerals, he said, adding that it is high time to explore them and especially young people and women entrepreneurs must do so.
Globally, an average of 44% of women are entrepreneurs and run various businesses. In India, it is still around 20 percent. It’s time for women to show up because they are compelling and they deliver, Agarwal said.