Vedanta Resources, which has the single-largest investment in Odisha at Rs 80,000 crore, announced that it intends to invest an additional Rs 25,000 crore for the state’s mining, ferro chrome, and aluminium industries.
According to a firm statement, with this amount of investment, its operations (direct and indirect) are adding close to 4% to the state of Odisha’s GDP.
Alongside the “Make in Odisha 2022” roadshow, Odisha Chief Minister Naveen Patnaik met with Vedanta Resources Chairman Anil Agarwal in Mumbai. The statement quoted Agarwal as saying that the company had supported hundreds of MSMEs in the state and produced over five lakh new livelihood prospects.
He was quoted saying, “We (Vedanta) stand testimony to what is possible if you make in Odisha. It is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Naveen Patnaik Ji, which is reflected in the state’s Ease of Doing Business rankings.”
