Manoj Aggarwal
997 posts

Manoj Aggarwal
@ManojVaneeta
Fintech Growth Cross-Border Capital Advisor. Helping global fintechs scale in India. NBFC & Digital Lending specialist. Founder @iAcuire. Tweeting insights
New Delhi - Gurgaon Katılım Şubat 2010
1.8K Takip Edilen438 Takipçiler

It is painful to see India face the adverse consequences of a war we have nothing to do with, particularly because of raw material security. We don’t have to import 90% of our oil, or 95% of our copper or 99.5% of our gold or any other metal resources. Mother Earth has given us the best geology. Last 40 years of practice in the minerals, metals and oil industry have taught me this. Now is the time, with this positive government, to give entrepreneurs freedom.
At just 19, I came to Bombay from Bihar and built a company in this industry from scratch. Vedanta was able to acquire Hindustan Zinc and BALCO under a privatisation programme which was never completed. 26% and 49% stakes are still held by the government and not been transferred as per a predetermined agreement. Vedanta also acquired ONGC Oil and Gas asset via UK’s Cairn and Sesa Goa Iron ore from Japan’s Mitsui.
In each one, the ambition and goal was to increase the production so much that India wouldn’t need to import but, in fact export. In Hindustan Zinc and BALCO, we succeeded. We increased zinc production 10 times, 20 times in aluminium. In the process, more than 1,000 companies have come up for processing this raw material. And Vedanta has contributed Rs 4.5 lakh crore to the exchequer in the last ten years. In oil and gas, our vision is to produce 1 million barrels per day. In iron ore, my vision is to produce 100 million tonnes, 33% of today’s production level. There are many more underperforming government assets that can perform the same way.
Three or four decades ago, there was no know-how, no experts, no finance in this industry. It took a lot of determination. Vedanta raised 35 billion USD from abroad and invested in India. It brought experts and technology. Because of that, Hindustan Zinc can also produce silver and fertiliser, and we are working very hard to start producing critical minerals very soon, something we were told would never happen in India.
Globally, only few very large companies engage in mining as it is very difficult without scale. Vedanta should be for India what Rio Tinto and BHP are for Australia or Vale is for Brazil. Other entrepreneurs and companies must create new Vedantas.
Most of the advanced countries have become prosperous by developing natural resources, including oil and gas. In India, the system has to stop creating hurdles. It needs to take a long-term view, as this government is not revenue-minded but, production-minded. It must facilitate. Instead of notices and judicial activity, all businesses need to receive recognition and respect. Benefit of doubt should pass onto them.
In India, we have economic heroes who can raise production equal to the biggest and best in the world. We should not allow tunnel vision or outdated mindset to keep us small and dependent. Some may remember the case of Rio Tinto which had invested in a diamond mine in Madhya Pradesh. It could have made India a global hub for diamond production, but they exited because of a complex, interfering and discouraging system.
The most important thing is trust. Keep the system simple, keep regulation limited and you eliminate the root cause of wrongdoing. We should have self-certification instead of lengthy approvals and clearances. The Government issues the rulebook and entrepreneurs strictly comply, subject to audit. Constant enquiry and interference only discourage enterprise. Also, the mindset of discrimination between public sector and private sector should change.
This year my family had the biggest tragedy. It was heartening to hear the words of the Prime Minister who said, “You must stay strong and continue to do work which is important for India.” That is the motivation of my life. I have the blessings of my grandfather and grandmother, who spent 40 years in Vrindavan in a small hut, in Manav Seva Sangh with their guruji, Swami Sharnanand Ji Maharaj. They always advised me, if you have wealth, you must use it for society. If you don’t have wealth, you must always help society with your hand. We all are willing to work hard, take risks and ensure that India becomes self-sufficient. The system should encourage us to deliver for our society and nation; this will eradicate unemployment and encourage women empowerment. This sector has given the maximum revenue to the exchequer in India and in the world for nation-building. It will help in making our country a developed nation, as envisioned by our Prime Minister. Let’s make India & Indians proud.

English

@RamanathanMaya I agree .. online fee should be illegal in all forms
English

✨ Happy New Year ✨
As a new year begins, I feel grateful for the people who have been part of my journey—through conversations, shared moments, support, and simple everyday connections. Each one of you has added something meaningful along the way.
Wishing you and your loved ones good health, happiness, peace, and many moments of joy in the year ahead. May the coming year be kind, fulfilling, and full of reasons to smile.
Warm New Year wishes to all 💛
English

@airindia flight from Bangalore to New Delhi was very good..
English

@Suhelseth You live in one of the best condominiums in India, managed efficiently by DLF, with possibly the finest living experience here. Hard to understand why you keep complaining despite that!
English
Manoj Aggarwal retweetledi

Rqst Authorities 2 tk action immediately. Poorly engineered roads without Storm Water Drains☹️Shud we pay tax Voluntary or Duress. We demand construction of Road to our society @expressgreensm2
@DC_Gurugram @MCManesar @mdhsiidc @csharyana
English

@Suhelseth You don’t allow street dogs in your condominium, let alone your home. Why not adopt a few and keep them with you? Better yet, push DLF to shelter some in your posh complex.
English
Manoj Aggarwal retweetledi

This is quiet serious for small entrepreneurs since most of the work they have do themselves unlike big set up where there army of empoyees.@RBI
Mohandas Pai@TVMohandasPai
Governor @RBI Pl look at the irrational KYC harassment by banks. They ask for same foundational documents every year in physical form even if no change. They say they are scared of irrational and whimsical RBI inspectors. This must stop. We cannot be a country of whim and fancies of inspectors and regulatory fears. We need urgent reforms. This fear must stop. @FinMinIndia @nsitharaman @RBIsays
English

📊 Maharashtra leads India’s FY25 GST haul with ₹3.59L Cr — over 21% of total collections!
But the real surprise? 🧐
Haryana, a small state, beats UP with ₹1.19L Cr vs ₹1.12L Cr.
Big on efficiency, not just size.
#GST #IndiaEconomy #Maharashtra #Haryana #TaxMatters

English

📊 State-Wise GST Collections for FY25 – A Revealing Snapshot of India’s Economic Powerhouses 🇮🇳
The recently released GST collection data for FY25 paints a fascinating picture of India’s fiscal landscape. With a total collection of ₹16.75 lakh crore, here are some noteworthy insights from the state-wise breakdown:
🔝 Maharashtra: The Undisputed Leader
Maharashtra tops the chart with an astounding ₹3.59 lakh crore in GST collections — more than 21% of the nation’s total! Its sheer economic scale, industrial depth, and service sector dominance make it the GST powerhouse of India. From Mumbai’s financial ecosystem to Pune’s manufacturing and IT belts, Maharashtra continues to fuel the national economy like no other.
🏆 Haryana: The Dark Horse
Haryana might be geographically small, but it’s punching far above its weight — contributing ₹1.19 lakh crore, surpassing even Uttar Pradesh (₹1.12 lakh crore), India’s most populous state. This highlights:
•A robust industrial and warehousing base (think Gurugram, Faridabad, Manesar).
•Strong compliance and formalization of businesses.
•Strategic proximity to Delhi NCR that boosts trade volumes.
📌 Other Key Highlights
•Tamil Nadu (₹1.31 lakh crore) and Karnataka (₹1.59 lakh crore) remain southern economic giants, fueled by manufacturing and tech exports.
•Gujarat (₹1.36 lakh crore) underscores its stronghold as a business and port-driven economy.
•Delhi (₹77,002 crore) continues to leverage its services and trade dominance despite space constraints.
🧭 A Quick Observation:
Some large states like Madhya Pradesh and Bihar are lagging behind in collections, indicating untapped potential or structural challenges in tax compliance or industrialization.
🔍 Why does this matter?
Understanding GST trends isn’t just for economists — it’s for every policymaker, investor, and business leader. These insights can drive policy, shape infrastructure priorities, and highlight emerging hubs.
📈 What’s your take on these numbers? Which states do you think will see the next GST boom?
#GST #IndiaEconomy #Maharashtra #Haryana #FiscalInsights #TaxReforms #EconomicDevelopment #PublicPolicy #BusinessIndia

English

Gurgaon mornings with a twist! 🌳🏙️ Loving this vibrant edit of my city view—those colors pop! How’s your day starting? #GurgaonLife #CityVibes


English

Embracing the grind and chasing dreams! 🚀 What’s fueling your passion today? #Motivation #DreamChaser
English

@ManojVaneeta @Orientelectric Dear Manoj,
We apologize for the inconvenience and are ready to assist you. Please send us your contact number via DM so our team can investigate your concern and provide the necessary support.
Regards,
Team Orient Electric
English

@OrientElectric I’ve raised multiple requests for fan installation (Call ID: NC2505212602) with no response from your team. It’s been well over 48 hours. Extremely disappointed with the service. Please take immediate action! #CustomerService #OrientElectric #Gurgaon
English

I learnt this little late in the day .. but very useful indeed
Harsh Goenka@hvgoenka
The power of asking- Steve Jobs
English




