Bhubaneswar: We stand testimony to what is possible if you Make in Odisha, said Chairman of Vedanta Resources, Anil Agarwal, who met Chief Minister Naveen Patnaik at the Odisha Investors meet on the sidelines of ‘Make in Odisha – 2022’ roadshow in Mumbai on Wednesday.
Agarwal said Odisha is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Chief Minister Patnaik which is reflected in the state’s Ease of Doing Business rankings. Single window clearance system, 5T framework, focus on infrastructure projects, etc. have increased the investor community’s confidence in Odisha.
On this account, Vedanta has new investments of more than Rs 25,000 crores in line for the expansion of its aluminium, ferrochrome and mining business, which will create more job opportunities and revenue for the state. Vedanta is also setting up one of the largest Aluminium Parks near its Jharsuguda smelter to boost the domestic aluminium downstream ecosystem.
Pleasure meeting Shri @AnilAgarwal_Ved ji, the Chairman of @VedantaLimited at #OdishaInvestorsMeet 2022 in #Mumbai. Highlighted #Odisha’s natural strength for setting mineral based industries, conducive business environment, infra & skilled workforce for #InvestInOdisha. pic.twitter.com/DF6PVF9R80
— Naveen Patnaik (@Naveen_Odisha) September 14, 2022
“It heartens us to see our investment in Jharsuguda turn the district into a vibrant industrial hub with an airport. Odisha’s rich culture, technically skilled manpower and natural resource sector have contributed significantly to boost the GDP of the nation. Beyond business, we are in the process of establishing 650 Nand Ghars, which will benefit more than 5 lakh women & children with interventions in education, nutrition, healthcare and skill development. This will be in addition to our 360-degree community development programs in hundreds of villages,” said Agarwal.
Vedanta Group has made its single largest investment in Odisha till date, in aluminium manufacturing value chain, ferrochrome, mining and value-addition, to the tune of Rs 80,000 crores. With this quantum of investment, Vedanta is contributing nearly 4% to Odisha’s state GDP through its operations (direct & indirect). The company has also created over 5 lakh livelihood opportunities and fostered hundreds of MSMEs in the state.