Vedanta plans to invest Rs 25,000 crore more in Odisha | Bhubaneswar News


BHUBANESWAR: Vedanta Group chairman Anil Agarwal on Wednesday said his company has lined up new investments worth more than Rs 25,000 crore for expansion of its aluminium, ferrochrome and mining business in Odisha.
“With this quantum of investment, Vedanta is contributing nearly 4% to Odisha’s state GDP through its operations. The company has also created over 5 lakh livelihood opportunities and fostered hundreds of MSMEs in the state,” read an official statement quoting Agarwal. It must be mentioned that Vedanta has already invested Rs 80,000 crore in its operations in Odisha.
Agarwal, who held one-on-one discussion with chief minister Naveen Patnaik on the sidelines of the Odisha Investors’ Meet in Mumbai, also hailed the state’s investment climate and facilitation by the state government.
“Vedanta stands testimony to what is possible if you Make in Odisha. It is amongst the most favourable investment destinations in India, ably led by stable governance, leadership and vision of Naveen Patnaik, which is reflected in the state’s ease of doing business rankings,” read an official statement quoting Agarwal.
The Vedanta Group chairman also said the single window clearance system, 5T framework and focus on infrastructure projects have increased the investor community’s confidence in Odisha.
To promote downstream industries in aluminium sector, Agarwal said the company has been setting up one of the largest aluminium parks near its smelter unit in Jharsuguda, which will help to generate jobs.





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