Vedanta episode not to tarnish India's image: Montek

New Delhi: The Plan panel today said the government's refusal to accord environment clearance to Vedanta's proposed $1.7 billion aluminium project in Orissa would not tarnish India's image as an investment friendly destination, reports PTI.

"I don't know much about Vedanta, but yesterday's development will not undermine India's image as investment friendly nation," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters after inaugurating an exhibition-cum-sale organised by the Central Cottage Industries Corp here.

In a big blow to Vedanta Resources, yesterday, the government had rejected environment clearance to company for bauxite mining for the $1.7 billion aluminium project in Orissa.

The government took this decision after accepting recommendations of the Forest Advisory Committee (FAC) headed by N C Saxena which sought ban on the mining project in Orissa's Niyamgiri hills in view of various violations at the site.
 

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COMMENTS

Shadi Katyal

7 years ago

I think Mr. Montek Singh is living in dream land as most of the bureaucrat and Ministers are. We seem to live in a pond and consider it as world. How is that land of 1.2 Billions still acting like a colony and thus long live Permit Raj
Can the gentleman tell us that what proof he has to mislead the public with such statement.
It has been done for only one reason VOTES and nothing else.
They wish to keep these people in poverty till eternity.
Look around and see the poverty level and wastage of food, that should give some idea where India is headed for more poverty and less industrialisation

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