At a panel moderated by CNBC-TV18 Shereen Bhan, Bharat Forge MD was joined by Amitabh Kant, Sanjeev Sharma and Johan C Aurik. They spoke on manufacturing and Make in India strategies of India.
The India-ASEAN commemorative summit was held in Delhi over the week. The India-ASEAN free trade agreement was signed in 2010. It was this time complemented by agreements in services as well as investments.
Shereen Bahn tells CNBC-TV 18 that the government has made up its mind and firmly decided that the royalty paid from the Rajasthan fields will be cost recoverable. So irrespective of Vedanta being in the picture or not, Cairn India will need to share the burden of the royalty with ONGC.