Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 12th May 2026: Vedanta Chairman Anil Agarwal on Tuesday expressed support for Prime Minister Narendra Modi’s call to conserve foreign exchange amid the global crisis. He emphasized the need for swift mining reforms to boost domestic production of oil, gold, and other critical resources.
Agarwal stated on X, "I fully empathize with Prime Minister @narendramodi's appeal to save foreign exchange in this time of crisis and uncertainty," noting India’s heavy reliance on imports.
He highlighted that oil and gold alone constitute over 30% of India’s total imports, and including other underground resources, the figure rises to 50%.