‘WORLD WANTS INDIA TO BE A MARKET, NOT A MANUFACTURER’

NEW DELHI: The world wants India to remain a market and not become a manufacturer, the chairman of mining conglomerate Vedanta said on Saturday, as he outlined how a big ticket investment from Taiwanese equipment maker Foxconn will provide a significant boost for India in the sector.

Speaking at the 20th Hindustan Times Leadership Summit, Vedanta Resources Ltd’s chairman Anil Agarwal spoke on the company’s future plans, the challenges in the interim and how he sees the trajectory of India’s manufacturing sector.

“The world wants that India remains a market and not a manufacturer,” he said. On the mega semiconductor project withFoxconn,hesaidit aims to create an ecomaking system by fundamental raw materials and states will be able to make smartphones

and TVs.