Appears To Be Costing India This Is What The Closure Of ... Is What The Closure Of...had demanded...
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2/12/2020 This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India https://swarajyamag.com/news-brief/this-is-what-the-closure-of-thoothukudi-sterlite-copper-plant-appears-to-be-costing-india 1/7 358 SHARES NEWS BRIEF This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India by M R Subramani Feb 10, 2020, 5:14 pm The Sterlite Copper plant in Thoothukudi. The closure of UK-based Vedanta Resources Sterlite Copper plant at Thoothukudi in Tamil Nadu has aected domestic production of rened copper, while impacting its imports and exports, the Centre has said in Parliament. To a Muslim League Lok Sabha member from Kerala P K Kunhalikutty's question last week if India had become a net importer of copper, Minister of Mines Prahlad Joshi, quoting a CARE Ratings September 2019 report, said the drop in domestic production of copper had led to a domino eect, increasing imports and paring exports. The Thoothukudi Sterlite Copper Plant has an annual capacity of four lakh tonnes of rened copper but it has been closed since May 2018 on orders of the Tamil Nadu government, he said, adding that this had aected domestic production. In another reply to Rajya Sabha Nationalist Congress Party member Majeed Memon’s query if India had become a net importer of copper for the rst time in the last two decades, Joshi said imports more than doubled during 2018-19 scal to 92,990 tonnes SIGN IN TO YOUR ACCOUNT Email Password SIGN IN FORGOT PASSWORD? Subscribe Prole Logout Be a Partner, Reader.
Transcript of Appears To Be Costing India This Is What The Closure Of ... Is What The Closure Of...had demanded...
2/12/2020 This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India
https://swarajyamag.com/news-brief/this-is-what-the-closure-of-thoothukudi-sterlite-copper-plant-appears-to-be-costing-india 1/7
358SHARES
NEWS BRIEF
This Is What The Closure Of Thoothukudi Sterlite Copper PlantAppears To Be Costing Indiaby M R Subramani
Feb 10, 2020, 5:14 pm
The Sterlite Copper plant in Thoothukudi.
The closure of UK-based Vedanta Resources Sterlite Copper plant at Thoothukudi in Tamil Nadu has a�ected domestic production
of re�ned copper, while impacting its imports and exports, the Centre has said in Parliament.
To a Muslim League Lok Sabha member from Kerala P K Kunhalikutty's question last week if India had become a net importer of
copper, Minister of Mines Prahlad Joshi, quoting a CARE Ratings September 2019 report, said the drop in domestic production of
copper had led to a domino e�ect, increasing imports and paring exports.
The Thoothukudi Sterlite Copper Plant has an annual capacity of four lakh tonnes of re�ned copper but it has been closed since
May 2018 on orders of the Tamil Nadu government, he said, adding that this had a�ected domestic production.
In another reply to Rajya Sabha Nationalist Congress Party member Majeed Memon’s query if India had become a net importer of
copper for the �rst time in the last two decades, Joshi said imports more than doubled during 2018-19 �scal to 92,990 tonnes
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2/12/2020 This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India
https://swarajyamag.com/news-brief/this-is-what-the-closure-of-thoothukudi-sterlite-copper-plant-appears-to-be-costing-india 2/7
against 44,245 tonnes the previous year.
In terms of foreign exchange outgo, $605.20 million was spent in the last �scal against $294.95 million in 2017-18. At the same
time, earnings from re�ned copper exports dropped 87 per cent to $302.27 million from $2,435.57 million during the same
period.
In terms of volume, shipments of re�ned copper from the country slipped to a mere 47,917 tonnes from 3.78 lakh tonnes (lt).
In the �rst six months of the current �scal, the imports of re�ned copper were 1.09 lt valued at $684.02 million, while exports were
18,300 tonnes earning $106.35 million.
To another question from Kunhalikutty on cancer cases in Coimbatore, Kanchipuram and Thoothukudi, Minister of State for
Health and Family Welfare Ashwini Kumar Choubey, told the Lok Sabha last week that all the three cities showed an increase in
age adjusted incidence rate.
This was according to data from the National Cancer Registry Programme. The minister’s statement calls the blu� of those who
had demanded closure of the Thoothukudi Sterlite Copper Plant alleging that cancer cases had increased in the city.
The Thoothukudi Sterlite plant was ordered shut by the Tamil Nadu government on 28 May 2018 after violence broke out during
protests demanding the closure of the unit, leading to the death of 13 persons in police �ring on 23 May.
For nearly 100 days from February 2018, protests were held in Thoothukudi demanding that the copper plant be closed, alleging
that it was causing pollution to the industrial city of Thoothukudi.
Even before the plant was ordered shut, the Tamil Nadu Pollution Control Board withdrew its consent for the operation of the
copper plant on charges that the Sterlite plant had caused air and water pollution.
Vedanta appealed to the National Green Tribunal (NGT) against the closure. The NGT quashed the orders of the state government
and TNPCB, terming the closure as against the principles of natural justice.
This was because the copper plant management was not given an opportunity to explain the charges that it caused air and water
pollution.
The Supreme Court overruled the tribunal’s verdict. It, however, gave Vedanta the liberty to approach the Madras High Court
against the closure.
The case is now pending in the Madras High Court, which has �nished the hearing from all the concerned and reserved its
judgement. On the other hand, the Central Bureau of Investigation is probing the 22 May 2018 incidents that resulted in police
�ring.
The closure of the Sterlite plant has resulted in India becoming a net importer of copper. Until its closure, Sterlite contributed to
40 per cent of the total 1,000 kilo tonnes of re�ned copper production in the country.
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2/12/2020 This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India
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M.R. Subramani is Executive Editor, Swarajya. He tweets @mrsubramani
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Tags: Coimbatore, Lok Sabha, Supreme COurt, Rajya Sabha, CBI, parliament, Chennai, Madras High Court, Nationalist Congress Party,Kanchipuram, Copper Imports, Copper Exports, Vedanta Resources Group, Thoothukudi Sterlite, Majeed Memon,Vedanta Resources Sterlite Copper Plant, P K Kunhalikutty, Health And Family Welfare Ashwini Kumar Choubey, Minister Of Mines Prahlad Joshi,National Cancer Registry Programme, Tamil Nadu Pollution Control Board, CARE Ratings,
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2/12/2020 This Is What The Closure Of Thoothukudi Sterlite Copper Plant Appears To Be Costing India
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Giridharan Ramesh Yesterday at 10:48 PM
This is completely a wrong data, Tuticorin has improved a lot after closure of sterlite.
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B SUBRAMANI Yesterday at 11:42 AM
Vatican instigated protests have started hurting India's economy. Many more suchprotests will follow. Their plan to slowdown India's growth seems to be working well.People of TN are in deep slumber.
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Jayakrishnan Kaveseri Yesterday at 8:58 AM
politics and vested interests to be blamed.
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