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25 Jul 2013

Sudeep Chakravarti, LiveMint & Wall Street Journal

US ruling on resources may impact Indian businesses

Can a court ruling in the US on use of conflict minerals from the Democratic Republic of Congo...have a bearing on how businesses may be forced to conduct themselves in India and other parts of South Asia...In a world where matters of business and human rights increasingly intersect, and act as precedence and pressure points for the evolution of activism, community empowerment, corporate behaviour, and even judicial activism, it’s probable...[T]he ruling...will have ripple effects beyond the US, and beyond the...the Congo...[O]rganizations that work in the human rights and empowerment spaces worldwide will be further energized to push their agendas...Indian businesses with global footprints or global businesses with presence in India...could come under greater human rights- and corporate governance-related scrutiny. [refers to Vedanta Resources, Bunge, Hudbay Minerals]