Anil Agarwal, Chairman, Vedanta, has called for faster exploration of minerals and hydrocarbons in India, stressing the need for a mission-driven approach to reduce import dependence and strengthen resource self-reliance.
In a LinkedIn post, Agarwal drew a parallel with India’s agricultural transformation, noting that the country achieved food self-sufficiency through a collective ‘above-the-ground’ movement. He said a similar ‘Jan Andolan’ is now required to unlock India’s below-the-ground potential.
Agarwal highlighted India’s rich geology, young workforce and entrepreneurial energy, saying these strengths can help rapidly scale exploration and production. He noted that nearly 50 per cent of India’s imports are linked to below-the-ground resources, and a focused push in this sector can increase domestic production, generate employment and improve economic resilience.
He also underlined the need for policy flexibility, innovation-led reforms and broader participation from individuals, startups, small companies, large companies and industry players. While calling for a more disruptive approach, he said environmental safeguards must remain non-negotiable.
Agarwal further said India should rethink fixed-term mining leases, currently at 50 years, and consider life-of-mine leases, as followed in other parts of the world. He also urged stakeholders to look beyond auctions and focus on outcomes, particularly higher production.
“A revolution below-the-ground will completely transform our country. Let’s come together in mission mode,” he wrote.