Janardhan Reddy Wants to Quit Mining Business

Bangalore, Mar 16 (DHNS): Bringing smiles on the faces of optimists and drawing frowns from sceptics, Minister for Tourism and Mining magnate from Bellary, Janardhan Reddy, on Tuesday claimed that he would give up his life as an industrialist for good. 

He said he was inspired by the speech and deliberation of M C Nanaiah of the JD (S) over issues related to iron ore in the Legislative Council. Reddy stood up to retort on the issue of ban on iron ore export, but instead said: “I am impressed by the life of Nanaiah, a veteran politician, and wish to express that henceforth, I will lead the life of only a public servant. I will renounce my life as a businessman and industrialist,” said Reddy.

The cabinet minister from Bellary said that he was taking this step after being charged by the opposition, time and again, for his interests in the mining industry. Earlier, taking on his nemesis from the Opposition, K C Kondaiah, who is also from Bellary, Reddy alleged that the Congressman was instrumental in the shutdown of a steel and an allied industry in his hometown.

“The company in question was shutdown recently and auctioned in the last few weeks. The person behind its closure was Kondaiah who is speaking on iron ore mining. The company was supposed to be taken over by Jindal and revived. But due to the interference, Jindals are now in a tussle with another steel company for the same firm,” said Reddy.

Earlier, Reddy defended Jindal Steels for its contribution to the society wherein, they had taken up 27 parks in Bellary for development.