Anil Agarwal invites investors to setup businesses at Vedanta’s industrial parks

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Anil Agarwal invites investors to setup businesses at Vedanta’s industrial parks

Anil Agarwal invites investors to setup businesses at Vedanta’s industrial parks

Industry News
Sep 06,24

The company will need 1,500 acres of land for these projects, ideally within 50 kilometers of Vedanta’s key operations in Rajasthan and Odisha.

Anil Agarwal invites investors to setup businesses at Vedanta’s industrial parks

Anil Agarwal, Chairman, Vedanta Resources has announced that anyone with an investment of Rs 50 million or more is welcome to establish a business at the two industrial parks the company plans to develop on a not-for-profit basis. Agarwal believes these parks will significantly boost India’s manufacturing and job creation sectors.

Last month, Agarwal revealed plans to create two industrial parks—one focused on aluminium and the other on zinc and silver. The company will need 1,500 acres of land for these projects, ideally within 50 kilometers of Vedanta’s key operations in Rajasthan and Odisha. However, Agarwal stated they are open to proposals from other states and industrial hubs and aim to inaugurate the parks within this financial year.

Praising the government’s initiative to develop 12 smart industrial cities, Agarwal highlighted the benefits of industrial clusters, which enable large anchor industries to support MSMEs, creating numerous job opportunities. He emphasized the importance of soft infrastructure, such as housing and healthcare, for workers in these clusters and called for simplified clearance processes and self-certification to attract investments and generate jobs.

Agarwal also mentioned that Vedanta is considering similar industrial parks for the oil and gas, as well as iron and steel sectors.

(Business Today)