In a significant development for Odisha’s industrial sector, the Vedanta Group has announced an additional investment of Rs 1 lakh crore in the state.
The announcement was made following a meeting between Vedanta Group Chairman Anil Agarwal and Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar.
The investment is expected to create over one lakh direct and indirect employment opportunities across various sectors, further cementing Odisha’s position as a key industrial hub in India.
The Odisha Chief Minister’s Office confirmed the development, stating that the state government has assured full support to Vedanta, including the provision of land and infrastructure facilities necessary for the proposed projects.
Vedanta Group Key Projects: Ferro-Alloys Plant and Aluminium Parks
As part of the investment plan, Vedanta will establish a state-of-the-art ferro-alloys plant in Keonjhar district with an estimated outlay of Rs 2,000 crore.
This facility is expected to play a crucial role in enhancing the state’s capabilities in the global metal value chain, particularly in sectors like aerospace, electric vehicles, and defence.
In addition, two new aluminium parks are planned—one in Jharsuguda and another in Dhenkanal.
These parks will focus on value-added aluminium manufacturing and are expected to attract micro, small, and medium enterprises (MSMEs), thereby boosting local entrepreneurship and ancillary industries.
Strategic Vision for Downstream Industrial Development
Vedanta’s investment aligns with its broader vision to develop downstream industries in Odisha.
The company has already invested approximately Rs 1 lakh crore in the state. This new commitment doubles its total investment footprint.
The focus on downstream sectors will enhance value addition within the state, reduce raw material exports, and promote local manufacturing.
The aluminium parks are specifically designed to support industries that rely on aluminium as a key input. These include sectors such as automotive, construction, and packaging.
By providing plug-and-play infrastructure, Vedanta aims to create an ecosystem that fosters innovation, reduces production costs, and enhances global competitiveness.
Employment Generation and Skill Development
The proposed projects are projected to generate over one lakh employment opportunities, both directly and indirectly.
This includes jobs in construction, operations, logistics, and support services.
The state government and Vedanta will collaborate on skill development initiatives.
These efforts aim to prepare the local workforce for upcoming roles in the new facilities.
This large-scale employment potential holds particular significance for districts like Keonjhar, Jharsuguda, and Dhenkanal.
These regions will directly benefit from the upcoming industrial expansion.
The move is seen as a step toward inclusive growth and regional development.
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