Sunil Mittal Backs PM Modi’s Call: “India Must Cut Gold Imports & Reduce Energy Costs Amid Crisis”

Added: 2026-05-17

[00:00:00]I will just take one more moment to echo what our Prime Minister mentioned yesterday.

[00:00:06]These are difficult times. We as a country have been moving at a fantastic speed, growing at 6-7% year-on-year, but there are situations that develop which are beyond anybody's control.

[00:00:19]And the current problem in the Middle East that we are all facing creating a tremendous amount of pressure on the global economies, and India is no different in that aspect, and we can't escape. I think we in the industry need to play our role. We need to get away from this obsession of import of gold.

[00:00:40]We need to lower our energy costs.

[00:00:42]We need to move more faster towards renewable energy in in our industry.

[00:00:47]And importantly, we need to vote with our feet within our country.

[00:00:52]Spend more here, put more capex here. We need to invest more. This is not the moment to shy away. This is the moment to invest, double down in our own country, because the underlying growth is there.

[00:01:06]>> [music]