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
In the year 2018, the Vedanta-owned Sterlite copper plant had been shut hamering the livelihood of many local workers in the Thoothukudi region of Tamil Nadu. The plant was shut after massive protests erupted in the region claiming that the project was disturbing the environment in the region.
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
In case violations of provisions of the FCRA, 2010 are found, the certificate of FCRA registration of the association may be cancelled under Section 14 of the Act,” the reply stated.
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.
“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.