Deal with Sterlite as Jayalalithaa did with Koodankulam

Listen to this article
In our last issue (IE- May 2018) we pointed to Tamil Nadu earning the notoriety as the agitation state of India. This is largely a result of the absence of decisive action by the government.

Almost every opposition party along with other interested groups jump into the fray at every opportunity. The inherent danger in leaving the issue unattended has not yet been realised by administrators, both at the local and at the state level. The violence that the protesters indulged in during the protests against the Sterlite factory in Tuticorin has resulted in loss of precious lives.
Sterlite Industries was the first major investment in the state in the post-1991 liberalisation era. AIADMK supremo J Jayalalithaa had then successfully attracted the Vedanta group to set up their copper smelter. Sterlite employs around 3500 directly and over 30,000 indirectly. With 400,000 tonnes of installed capacity, the company meets around 35 per cent of the country’s demand for copper, and exports a third of its production. The value of output is estimated at over Rs. 5000 crore. Sterlite accounts significantly to the prosperity of the Tuticorin region.
Including the members of the families of employees, direct and indirect, the beneficiaries of the Sterlite plant would form a sizeable chunk of Tuticorin’s population. Salary levels should be sizeable too, as it is part of the multinational umbrella, Vedanta Resources. Surprisingly, the impact of closure of this plant on the livelihood of these dependents has not been factored.
Instead of raw emotion and reviews by cine stars, jobless politicians and professional protesters, there is a need to look into the issue by experts. When such an agitation mounted against the Kudankulam Nuclear Power Plant (KNPP), several scientists, including former President Abdul Kalam, came up with firm defence of the power plant. Most importantly, they convinced the public of its value, importance and safety; Chief Minister Jayalalithaa was decisive in her dealings and saved the plant. Look at the invaluable contribution of this 2000 MW power plant to a state that used to suffer widespread power shortages, especially in 2011-12!
Chief Minister Palanisamy should set up a high-powered committee of experts that includes reputed scientists to examine the issue of pollution and, if convinced, he must address the issue with firm action just as Jayalalithaa did. This will carry conviction to prospective investors about fair and quick action by the administration of the state. Such measures are urgent requisites, especially in the context of sluggish investments across the country. – SV

Latest

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026,...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and...

US grants 30-day waiver to India to purchase Russian oil

To enable oil to keep flowing into the global...

Newsletter

Don't miss

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026,...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and...

US grants 30-day waiver to India to purchase Russian oil

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026, killing Iranian Supreme Leader Ali Khamenei and sparking retaliatory threats, has disrupted shipping through the...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has signed a memorandum of understanding (MoU) with   Fazer, a leading foods company...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and the Hinduja Group, building on the successful collaboration with Gulf Oil, another group company, forover...