Sterlite Copper

While the closure of the Sterlite Copper plant sas resulted in the loss of over 1500 direct jobs and over 40,000 jobs, the impact of the shutdown over alleged pollution is much bigger on the Indian economy

Truck owners, who previously relied on transporting materials for Sterlite Copper Plant, were forced to sell their vehicles as they were unable to pay their loans. Around a million daily wage workers have been left unemployed. Many businesses in the region that relied on industrial demand have now been forced to shut their shutters.

India has become net importer from net exporter of copper after the closure of the Sterlite plant, causing loses to the economy and downstream industries

The Supreme Court on Tuesday agreed to hear a petition from the Vedanta Group over the shutdown of Sterlite Copper unit in Tamil Nadu.

Vedanta Group sought EoI for sale of its Sterlite Copper plant that has been closed since 2018.

In May 2018, Sterlite Copper plant in Thoothukudi owned by Vedanta was ultimately shut down by Tamil Nadu government following protests by the local people on the grounds of alleged environmental hazards caused by the plant.

The SC's decision came after Tamil Nadu govt allowed Sterlite copper plant owned by Vedanta to restart its operations temporarily

The decision was taken following an all-party meet chaired by Chief Minister Edappadi K Palaniswami at the secretariat in Chennai on Monday.

“We would be grateful to be allowed this opportunity to support the nation’s needs. Our staff stands prepared to get these two plants operational in the shortest possible time and begin dispatching oxygen to the critical areas as per your direction,” the letter continued.

The closure of Sterlite Copper plant in Thoothukudi serves as an indicator of India's eager tendency to shun its self-reliance and inflict self-harm upon herself