Vedanta lessons: Why it makes no sense to invest in India

If you’re looking at one project which tells investors why it is a bad idea to invest in India, that project is Vedanta’s proposed 6 million tonne aluminium plant in Orissa. All told, the company has invested around R50,000 crore in various projects related to this, including a power plant, but the main source of raw material—bauxite from the Niyamgiri mines in Orissa—is now not available.

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