"We are the largest primary producer of aluminium in the country. Our plans will see us produce three million tonnes of integrated aluminium, an increase of 50 per cent," he added.
Looking at the medium term, Agarwal said Vedanta's plans include a total capital investment of Rs 55,000 crore to increase production by about 50 per cent across its businesses which the company expects to fund from internal cash flows.
The mega targets set in the Union Budget 2019-20 for investment in infrastructure sector at Rs 100 lakh crore over the next five years will lead to urbanisation and industrialisation in the country, generating significant demand for natural resources, he said.
India currently has a resources' import bill of $465 billion, Agarwal added.