Indian Mining Sector Highest Taxed in the World

sunil

Sunil Duggal is President, FIMI and Vedanta’s Global CEO for Metals and Mining for Group companies including Sterlite Copper, Vedanta Zinc International – Africa and Ireland, Copper Mines of Tasmania – Australia. He is also the CEO and Whole-time Director of Hindustan Zinc Limited since October 2015. He joined the company in the year 2010 as Executive Director, became Chief Operating Officer in the year 2012 and was Dy. CEO from 2014. In his previous stint, he worked with Ambuja Cement for 20 years, wherein, he drove the growth of the company to plus 20 million tons. He was President at the time of leaving. A result oriented professional with over 36 years of experience of leading high-performance teams and 20 plus years in leadership positions. He is known for converting challenges into opportunities, his ability to keep a level head at all times, nurture and grow a business and successfully drive efficiency and productivity whilst reducing costs by embracing new technologies and innovation. His dedicated efforts on sustainability has helped building a robust safety and sustainability culture. Under his able leadership, HZL has been ranked first in Environment Category and 5th in Sustainability globally by Dow Jones Sustainability Index. His thrust on adopting best-in-class mining and smelting techniques, state of art environment friendly technologies and mechanisation, automation and digitalization of operational activities has added great value. He was born and brought up in Amritsar and comes from a humble background. His initial education is from DAV school, Amritsar and has an Electrical Engineering degree from Thapar Institute of Engineering & Technology, Patiala. He is an Alumni of IMD, Lausanne – Switzerland and IIM, Kolkata. He is serving as Vice Chairman – International Zinc Association, President – Federation of Indian Mineral Industries, President – Indian Lead Zinc Development Association. Recently, he has been appointed as the Chair – CII National Committee on Mining. In an interview to Sanjay Singh, Assistant Editor of Steelworld, Duggal says that the mining industry in India is still the highest taxed in the world. Now, the effective tax rate in India works out to be 58% for existing mines and 54% for new mines granted through auction.

for the exclusive interview with Sunil Duggal click here

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