Vedanta Ltd. plans to invest $10 billion in its various businesses – oil and gas, zinc, iron ore and glass businesses – in financial year 2017-18, Chairman Anil Agarwal told BloombergQuint's Menaka Doshi on the sidelines of the 47th World Economic Forum at Davos, Switzerland.
Agarwal is bullish on the commodity sector in the year ahead and expects prices to rise 10-15 percent. A likely increase in infrastructure spends in the U.S. and China will create more opportunities for the sector, according to him.
You saw what the Chinese President Xi said, he is going to spend $850 billion in infrastructure. You see Trump is talking about building the infrastructure, looking at energy security and developing energy. So these all require metals as a resource.Anil Agarwal, Chairman, Vedanta Resources Plc
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