Vedanta’s Anil Agarwal praises Donald Trump’s ‘billion dollar or more’ job creation proposal

Vedanta's Anil Agarwal praised US President-elect Donald Trump's plan to expedite approvals to create jobs.

2024-12-18 19:06:52 :

Mining giant Vedanta Group chairman Anil Agarwal has backed President-elect Donald Trump’s call for companies and entrepreneurs to invest in the United States in exchange for Fully approved and licensed.

“Creating good jobs is the number one priority around the world,” Agarwal said in a post on social media platform LinkedIn on Wednesday, December 18.

The Vedanta chief endorsed Trump in his post, calling the move a “job-creating investment” in the country.

“US President-elect Donald Trump has rolled out the red carpet and given the green light to job-creating investments,” Agarwal noted.

The billionaire mining tycoon also highlighted India’s goal of job creation, saying the country was committed to bringing prosperity to its 1.4 billion people.

“Self-certification and verification, instead of prior permission and land acquisition through digital platforms, can be a game changer,” he noted.

Trump’s post, which Agarwal retweeted, was about providing “fully expedited approvals and clearances.” According to the post, the approval will include environmental clearance.

“Any person or company investing $1 billion or more in the United States of America will receive comprehensive expedited approvals and permits, including but not limited to all environmental approvals. Get ready to rock out,” US President-elect Agarwal said on Wednesday said in the post shared.

Vedanta Ltd shares closed down 1.28% $Wednesday’s 496.65, compared with $The previous market close was 503.10.

Netizen reaction

Social media users highlighted the importance of job creation and the role of business in sustainable development. Arvind Singh, CEO of Quest on the FRONTIER, said reducing barriers and streamlining the approval process is a smart move to attract investment and boost growth.

“This approach can set a powerful example for the global economy,” he said.

“While job creation is crucial, it is equally important to ensure investments are made in industries that are sustainable and future-proof,” said Rahul Sharma, CEO and Managing Director, iPLON India.

Others like Mayur Gugliya applaud the idea of ​​self-certification and digital platforms to ease land acquisition

“The exciting times ahead will focus on job creation and prosperity! 🌍 The idea of ​​self-certification and digital platforms that simplify land acquisition could be transformative for India. With the right policies, the country can drive growth and development, providing Paving the way for a brighter future for all citizens,” Guglia said in response to Agarwal’s post.

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