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vedanta mine
Will Anil Agarwal's Vedanta Aluminium Bag Bauxite Mine Licence In Odisha?
 With L&T, Adani and Birla Group already having bauxite mining licences in Odisha’s eastern ghats, the focus now shifts to Anil Agarwal controlled Vedanta Aluminium. This is because Vedanta, India’s largest aluminium producer does not have its own captive bauxite mine in Odisha since 2007 and buys bauxite from Odisha Mining Corporation. The current BJP-run government in Odisha is getting ready to hand over to Vedanta Sijimali bauxite mining which has 311 million tonne bauxite deposit covering 1549 hectares at Koraput. Corporate observers say this is an important move after Vedanta failed to get mining rights in Niyamgiri, Koraput district recently. The only hitch is protests from the tribal leaders.  And the Supreme Court ruling here is very clear,  Vedanta can mine bauxite provided majority of tribals give their consent. The general feeling is Vedanta Group chairman Anil Agarwal is an old hat in this game of winning such battles. He will easily wade through ongoing tribal protests at Sijimalli Hills since the opposition numbers are much smaller.  It seems Agarwal has the backing of the state’s Revenue Minister Suresh Pujari who is pulling all stops to encourage businesses to set base and expand in Odisha. And the government walked the talk by not allowing social activist Medha Patkar from entering Rayagada for the next two months to stage protests against Vedanta’s mine project. This gives Vedanta Aluminium enough time to win trust and confidence of local tribals.
Bijay patnaik
Odisha’s Ex-Chief Secretary Joining Congress Surprises Everybody
Odisha government’s former chief secretary Bijay Kumar Patnaik has surprised everybody by joining the Congress party. Patnaik who served in public service for 37 years worked closely with the Odisha chief minister Naveen Patnaik. He advised the CM on all matters of policy and administration. For his proximity to CM he was appointed chairman of the Odisha Staff Selection Commission and Member of Human Rights Commission, post retirement in 2013. This close connection with the CM saw him landing a job as president of Vedanta University promoted by Anil Agarwal. He quit the job as the project was a non-starter.  In December 2022 with Rahul Gandhi’s Bharat Jodo Yatra peaking he thought it prudent to take a political plunge by joining Congress. Observers say his yearnings to stay relevant explains why he has preferred to become a full time politician by joining Odisha Congress formally.  No sooner he joined the Congress, Bijay Patnaik started lashing out at BJD, accusing it of poor governance and rampant corruption. The questions political analysts are asking: Can Bijay Patnaik give a big push to Congress in the state and push its ranking to the second place displacing BJP?  Not an easy task but Congress could see marginal improvements in electoral scoring is the general feeling.
SupremeCourt
SC Rejects 7000 Acres Land Acquisition Move By Odisha Govt For Vedanta University
Soon after returning from Japan, Odisha chief minister Naveen Patnaik has been facing the heat from the Opposition parties. This relates to Supreme Court upholding Odisha High Court ruling of 2010 cancelling 7,000 acres of land acquisition by the state government for Vedanta Foundation citing irregularities of land acquisition process. The top court said the Odisha government played favourites with Anil Agarwal overlooking bio-diversity, ecology, sustainability aspects of land acquisition. Congress announced a six days agitation demanding CM’s resignation. BJP’s Sambit Patra said the SC verdict is a serious concern. BJD countered Patra by saying Manmohan Samal, BJP’s Odisha President who was state revenue minister between 2004 and 2008 when BJD -BJP were coalition partners was when the Vedanta project conceived. BJD also said the university project was conceived by then higher education minister Samir Dey who is now a BJP leader. BJD said infighting within BJP has started with Sambit Patra exposing fellow BJP leader Manmohan Samal.  Meanwhile, BJD’s own Lok Sabha MP Bhartruhari Mahtab has joined the Opposition chorus demanding CBI investigation into the fake certificate racket since the state crime branch has not delivered results so far.
vedanta-foxconn-semiconductor-fab-project-must-work-1-1536x1024
Why Foxconn Partnered Vedanta To Set Up $22 Bn Semi- Conductor Plant In India
Vedanta-Foxconn’s proposed $22-billion joint venture project in India for an integrated display and semiconductor fabrication ecosystem has kicked off a controversy over a sudden change in the project location from Maharashtra to Gujarat. Significantly, the location change came just three months before the Gujarat assembly election.  Both Foxconn and Vedanta’s Anil Agarwal have long experience in dealing with political powers in host countries. During Donald Trump’s presidency in the US, Foxconn planned a $10-bn unit in Wisconsin. The project was announced by Trump himself at the White House in 2017, boasting of it as an example of his ‘America First’ agenda to revive technology manufacturing in the US. However, within months of Trump’s defeat Foxconn drastically pruned the project! The planned investment was reduced to merely $672 million, slashing the number of new jobs from originally promised 13,000 to 1,454. However, it is difficult to understand why Foxconn, the 22nd ranked Fortune Global 500 company needs the shoulder of Anil Agarwal’s Vedanta to enter India when the government allows up to 100% foreign holding in this hi-tech sector. Could there be a political reason on Foxconn’s part to tie-up with Vedanta to ensure best incentive deals from a BJP-governed state? Or, is there an understanding on Vedanta’s part to exit in favour of Foxconn after the project gets started? Time alone can tell the future of the project.
Sterlite
Sterlite Copper On The Chopping Block, As Promoter Anil Agarwal Seeks To Exit Tamil Nadu
The going has been tough for this one right from the word go. This one came to Tamil Nadu after two States – Maharashtra and Goa – spurned it. Finally, it found sanctuary in the Dravidian state. And, the Sterlite Copper smelter plant at Thoothukudi had run freely for over two decades under the dispensation of AIADMK and DMK – the warring political parties in Tamil Nadu. Problem began when it went in for expansion. A protest followed. Not just that. A police firing on the anti-Sterlite protesters saw 13 people killed. A panicked government ordered the immediate closure of the plant. Well, this has caught everybody in an inextricable position. Many jobs have disappeared and thousands of crores lost in the process. And, India slipped from its pre-eminent position in the global copperfield. Virtually caught in a cobweb, Anil Agarwal, promoter of Sterlite Copper has now chosen to sell the immobilised plant. The move has taken everybody off guard. Is it a positioning strategy? Or, is it a business decision? With Ford exiting India, the proverbial sword hangs over the heads of workmen at its Maraimalai Nagar plant in Tamil Nadu? Coming as it does in the wake of Agnipath imbroglio, the Sterlite Copper sale move has surprised everybody alike, including the authorities. Well, it is yet unclear how Sterlite wants to go about selling its assets in Tamil Nadu.

TRENDS & VIEWS

Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.