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Vedanta Resources interested in government's 53.29% stake sale in BPCL

Updated : December 20, 2019 16:35:21 IST

London-based Vedanta Resources on Friday said it is evaluating participation in government's 53.29 percent stake sale in public sector oil refiner Bharat Petroleum Corporation Ltd, (BPCL).

In an interview to CNBC-TV18, Anil Agarwal, chairman, said, "If you see the Indian industry, entrepreneurs are risk taker, whenever they have been interested. I never thought in my life I will see airport like this. I never thought I will see an airline like this. I never thought telecom will be like this. I never thought steel companies will be better than Hindustan Steel. So these are things when one is interested, Indian entrepreneurs can delivery anything. Look at our startups, look at our young people. This is recognition."

On the banking sector, Agarwal said, "Nowhere in the world, banks are run by the government. It should be corporatised and the same people, if they don’t report to the government things, will be very different," he added.

Talking about the Citizenship Amendment Act (CAA) he said, "Government is taking a bold decision. I have never seen any government taking this kind of bold decisions. Bold decisions are very important and decisive. Only thing I understand this government without vested interest takes the decision and that is important."
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