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Fishing net material kits distributed to fishermen in Thoothukudi

  • More than 400 fishermen from the Thoothukudi district supported with fishing net material kits worth INR 59, 00,000.

Thoothukudi, 21 November, 2019: The fishing community is one of the most prominent communities in Thoothukudi. Fishing provides an occupational identity to fishers. It is the mainstay of the district and more than just a livelihood for most fishermen. It helps generate income for a good number of its citizens.

Understanding the needs of this community, Sterlite Copper initiated to help more than 400 fishermen by providing them with fishing net material kits worth INR 59, 00,000 for the preparation of fishing nets. The preparation of the fishing nets are used during the breeding season, when the fishing activity is paused (April to June).

The material kits were distributed to fishermen residing in Inigo Nagar Siluvai Patti and Threspuram. The fishing net material kits, which are inevitable to run their occupation, ranges from INR 17,000 to INR 20,000.

Each material kit includes Fishnet Fabric weighing 7 and 10 Kg, 150 Fishing Floats, HDPE fishnet twine weighing 1 kg, Rope weighing 40 kg, Crab Net, Salai Net, Squid Net and Prawn Net.

The daily wages of the fishermen varies from INR INR 200 to INR 1000 depending on the time of the day and the climatic conditions.

The organisation also looks forward to distribute more fishing net material in different phases, with currently 361 requests by the villagers which is in process.

Mr. Pankaj Kumar, CEO – Sterlite Copper, shared his thoughts on the initiative “Fishing is more than just a livelihood in Thoothukudi and we want to support this integral community and help them have a self-sustainable livelihood by sponsoring the fishing net material kits which will help them procure different varieties of fish during the season. There is a great response from the fishermen community regarding this initiative and so we look forward to aiding them by sponsoring more material kits in the upcoming phases.”

As part of Sterlite’s ongoing community related activities aiming at positively impacting the lives of Thoothukudi by developing sustainable platforms, more initiatives in the areas of Education, Health, Clean Drinking Water, Tree Plantation, Youth Skill Development and Women Empowerment are being carried out.

About Vedanta Limited

Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.

Vedanta Ltd is the Indian subsidiary of Vedanta Resources Limited. Sustainable Development is at the core of Vedanta’s strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India, and has ADRs listed on the New York Stock Exchange.

Disclaimer

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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