Vedanta calls for India to restrict bauxite exports
Vedanta calls for India to restrict bauxite exports
Bhubaneswar: Vedanta Aluminium has called on the Indian government to restrict bauxite exports and allow more mines to ensure that the country’s domestic industry, including Vedanta’s own alumina refinery, has sufficient supplies.
India, the world’s fifth-biggest bauxite producer, has been limiting the issuance of bauxite leases mainly due to local protests over land acquisition.Odisha has the largest reserve of the resource.
“At this crucial junction, allowing bauxite exports at the cost of domestic industry by some of the state governments, when the domestic aluminium industry is suffering for want of bauxite, cannot be justified in the national interest," Vedanta Aluminium, part of London-listed Vedanta Resources, said in a letter to the ministry of mines.
The federal government should also make efforts to open new bauxite mines in Odisha and Andhra Pradesh, which account for 2.5 billion tonnes of reserves, the company said.
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