According to Anil Agarwal, Vedanta will be institutionalised and will not be passed down through the family

India is a land of enterprise, with advantages such as location, young talent, natural resources, and the sea on three sides, according to the mining baron, who also stated that the country is going toward self-sufficiency.

Vedanta Resources Chairman Anil Agarwal on Saturday said that the corporate are going to be institutionalised at any cost and can not attend his family.

The company, he said, can’t be run on a defensive mode.

“Our company will not go to our family. Our family is also an institution, a complete institution… If it (the family) gets capable of (running Vedanta within the future) then it’s a special thing. But a corporation can’t be a run on a defensive mode,” he said.

He was speaking during a webinar on ‘Vedanta of Business’ organised by the FICCI Ladies Organisation (FLO), the ladies business wing of the apex body FICCI.

India may be a land of entrepreneurship with the advantage of location, young talent, natural resources and sea on three sides, the mining baron said, adding that the country is moving towards a self-reliant economy.

But the planet always checked out India as a market and never wanted to ascertain it grow. But presently the method of self-reliance has grown and youth and begin ups with new ideas are taking the country to newer heights, he said.

India has the most important deposit of oil, gold and minerals, he said adding that it’s time to explore them and particularly the young and therefore the women entrepreneur has got to roll in the hay .

Worldwide, a mean of 44 per cent women are entrepreneurs and head various companies. In India, it’s still about 20 per cent. it’s time for ladies to return up as they’re convincing and that they deliver, Agarwal said.

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