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The Statesman Bhubaneswar
|April 18, 2025
Anil Agarwal, Chairman, Vedanta Group, said that India can overtake Brazil and then China to become the world's second largest producer of iron ore.
He highlighted India's growth potential in the global iron ore market and said, "It is difficult to imagine life without iron and steel, which is made from iron. Our homes, our vehicles, our gadgets, all require iron and steel. Today, India is the 4th largest producer of iron ore in the world, with a total output of 270 million tonnes per year. Only Australia, Brazil & China produce more."
Explaining how India can surpass Brazil and China in iron ore production, he said, "Given our huge reserves, we can produce 700 million tonnes per year and become the 2nd largest after Australia, this is very much possible. The benefits this will bring to Bharat in terms of economic growth, jobs and revenue to the government are massive."
This story is from the April 18, 2025 edition of The Statesman Bhubaneswar.
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