Vedanta marks 10th year on London Stock Exchange

Indian metal tycoon Anil Agarwal today marked the 10th anniversary of Vedanta Resources' listing on the London Stock Exchange (LSE) that has helped the company to raise billions of dollars for investments back home.
The London-based founder and executive chairman of the Indian natural resources giant rang the official bell to open the LSE market for business.
"It was 10 years ago when we needed capital to invest in India and the London listing has given us about a billion dollars to invest in India," Agarwal said at a special ceremony to mark the occasion.
"On the back of it, in these 10 years we have raised almost USD 30 billion and most of the money has been invested in India," Agarwal told PTI at the LSE soon after marking his company's 10-year milestone.

"London as a market has created real value for us and this is an amazing day for Vedanta," he added.
Agarwal also gave credit to the new Narendra Modi-led government for creating an environment conducive to business.

"Today in the world there is a Modi wave. We have seen him in China, in Japan and now he will be in the US. We believe the UK Prime Minister will also be visiting India soon. It's a very strong tie between UK and India and they will be our natural partners," he said.
Agarwal also endorsed Modi's 'Come, make in India' plea, adding: "Indian imports add up to almost USD 500 billion and most of that money goes into natural resources like oil and gas, gold, fertilizer, electronics. We believe all this can be manufactured in India."

"We have to eradicate our poverty and create jobs, which all other countries have done by exploring their natural resources," Agarwal said.
"India's policy today will invite lot many more major companies to come and invest in India because there are opportunities and the new government is creating a very conducive environment for them to work," he added.
Agarwal is the majority owner of Vedanta Resources plc, a diversified metals and mining company with segments including zinc, iron ore, copper, aluminum, power and oil and gas.