A Case Study on Vedanta Alumina Ltd (VAL) Orissa India: State and FDI versus Democracy?

Leena Kaushal

Valahian Journal of Economic Studies, 2017, vol. 8, issue 1, 107-114

Abstract: Foreign investment in extractive industries in the developing economies has seldom remained free from various types of controversies. Vedanta Aluminum Ltd (VAL) integrated aluminum project in Orissa is an important project for Vedanta Resources Plc. The project suffered major setbacks as the Indian government withdrew the permission for bauxite mining in Niyamgiri and issued a show cause notice under Environment protection act in 2010 for undertaking construction activity without obtaining environmental clearance for its alumina expansion project at Lanjigarh in Kalahandi district in Orissa. This case illustrates how a decentralized policy and bureaucracy in a country like India deal with myriad problems of resource curse together with attendant consequences, despite the fact that as compared to several developing nations India has a better track record of legislative framework, an experienced bureaucracy and a regulatory framework.

Keywords: Vedanta; Aluminium; FDI; India; Sustainable Development; Public Policy (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:8:y:2017:i:1:p:107-114:n:12

DOI: 10.1515/vjes-2017-0012

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