Hindustan Copper Plan expansion but India will have to rely on exports.

India’s state copper miner plans $800m expansion While at one end elections in one part of the southern India is fought on STERLITE COPPER and it expansion plans we have Hindustan Copper going on an expansion drive. A country like India can handle this contradiction. Hindustan Copper is small player compared to Sterlite. Its production is a mere 40,000 tonnes of copper per year. With Sterlite Closure the demand for copper has sky rocketed. A developing country like India has enormous demand for copper on a continuous basis. It makes sense to be self sufficient rather than relying on imports. …

Read More

Hit the nail on the head-vaguely

The initial emotionally driven reaction has died down now reality is raising its head and speaking reason. The Sterlite protest has led to the death of 13 people and many are still treated for injuries. I have gone through the tweets and the newspaper reports, listened keenly to what people have to say. Not a single individual has written or spoken objectively or in support of Sterlite. One is not trying to defend Sterlite, but completely closing down a factory, which has provided employment to the people of Tuticorin is not a right decision at all.  Sterlite obviously did not …

Read More