Vedanta Group has announced a colossal investment of Rs 1 lakh crore to boost zinc and oil production in Rajasthan.
This investment is expected to create employment opportunities for 5 lakh people, marking a major step towards economic growth and industrial development in the region.
Vedanta Group Investment Details and Job Creation
Vedanta Group Chairman Anil Agarwal revealed the investment plans during the Rising Rajasthan Global Investment Summit held in Jaipur.
The company aims to increase zinc and oil production through this massive investment.
The funds will be directed towards its two major subsidiaries, Hindustan Zinc and Cairn India.
Anil stated that Vedanta has already invested Rs 1 lakh crore in these companies and plans to invest an additional Rs 1 lakh crore in the coming days.
The investment is projected to generate employment for 5 lakh people, providing a significant boost to the local economy.
Anil emphasized that the creation of jobs is a key objective of this investment, aiming to harness the potential of Rajasthan’s human resources.
The state’s Chief Minister also highlighted the importance of this initiative in fostering economic growth and development across various sectors.
Industrial Park Development and Government Support
As part of its development efforts, Vedanta is also planning to set up an industrial park in Rajasthan.
This park will provide a platform for entrepreneurs to establish industries with investments ranging from Rs 5 crore to Rs 500 crore.
Anil emphasized developing the park not for profit but to encourage industrial growth and entrepreneurship.
The industrial park will further enhance the state’s industrial landscape and attract more investments.
Anil praised the support provided by the “double-engine government” of the BJP and urged other companies to invest in Rajasthan.
He commended the efforts of Rajasthan’s new Chief Minister, who has prioritized growth initiatives and brought fresh perspectives to governance.
The Rising Rajasthan Summit is underway from December 9 to December 11.
It aims to attract global investors and showcase Rajasthan’s potential as a hub for trade and industry.
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