REFILE-UPDATE 1-India Min:Willing To Reconsider Vedanta Refinery
Author:
First published in Sanctuary Asia,
Vol. 31
No. 1,
January 2011
The comments from Jairam Ramesh, whose push for green laws has put him on a collision path with industry and halted hundreds of projects, may show a willingness to accommodate economic growth and jobs, mindful of their impact on voters.
The remarks on Vedanta come a day after the ministry said it could consider approving Hindustan Construction Co's (HCNS.BO: Quote) Lavasa housing project on conditions that included a penalty payment and the setting up of a green restoration fund.
In October, Ramesh threw out plans by the London-listed miner to expand its refinery over green worries. The firm is already facing hurdles to a planned $9.6 billion energy deal in India. Read the full report here.
Source: Reuters, New Delhi.
