India has the world's best taxation for businesses, says Vedanta's Anil Agarwal
Year 2020 will be the best year for Vedanta. We will be the second-largest oil and gas producer in India. We will be the largest zinc producer in the world at the lowest cost, said Anil Agarwal, founder and chairman of Vedanta.
Anil Agarwal, founder and chairman of Vedanta as a resident of the UK was positive about Brexit and as an Indian was appreciative of the budget. He said that 2020 would be one of the best years for Vedanta.
Sharing his views on the just concluded union budget 2020, he said, “For the salaried class, there was definitely a relief. The taxation that we have in India is world’s best taxation. If somebody wants to do business in a democratic country, India is the best place."
"There isn’t a single budget in 30 years where they have appreciated and said that 'wealth creators' would be appreciated. Entrepreneurs are the heart and soul of this country. We are very much like America where we have entrepreneurs. So I welcome it. They have done whatever best they can do,” he said in an interview with CNBC-TV18.
On Brexit, he said, “I am very positive about Brexit, at least decision has been taken. I am very hopeful that in another 12 months, things will settle down and will take its own shape. Year 2020 will be the best year for Vedanta. We will be the second-largest oil and gas producer in India. We will be the largest zinc producer in the world at the lowest cost, said Anil Agarwal, founder and chairman of Vedanta.He is making sure the local employment should be given a priority, which is very important. At the same time he is trying to make England as a priority destination for the investment.”
“Year 2020 is very spiritual and will be good for everybody. This will be one of the best years for us ever. We we will be the second-largest oil and gas producer in India. We will be the largest zinc producer in the world at the lowest cost. We are aiming to be the largest silver producer in the world. We are also looking to produce 3 million tonne of aluminium and government is very liberalised,” he further mentioned.
First Published: Feb 5, 2020 11:33 AM IST
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