"Regulatory practices shielded Indian industry" - 0 views
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Colin Bennett on 24 Jun 09During the inaugural address, P Parvathisem, former president, IIM and former CMD of NALCO and also Hindustan Copper Ltd, said that India remained unaffected by the global meltdown mainly because of various regulatory and control mechanisms and by nature being conservative in our approach. India was expected to grow at about 7 per cent. India witnessed substantial growth, progress in Zinc and Copper production and have to progressively invest in exploration and mining. In case of Aluminium, India was endowed with rich deposits and required R&D efforts for making Alumina. In case of lead, we should strive to develop it in a big way, he said.