Vedanta Group to invest Rs 1 lakh crore in zinc and oil
Vedanta Group plans to invest Rs one lakh crore to boost the production of zinc and oil. As part of its development efforts, Vedanta also plans to set up an industrial park.
Speaking during the Rising Rajasthan Global Investment Summit, Vedanta Group Chairman Anil Agarwal said that the investment will provide employment opportunities for five lakh people, and will increase zinc and oil production along with fostering industrial development.
This initiative aims to provide a platform for entrepreneurs to establish industries with investments ranging from Rs five crore to Rs 500 crore. park will encourage industrial growth and entrepreneurship. "We run two companies, Hindustan Zinc and Cairn India. So far, we have invested Rs 1 lakh crore in both of them, and in the coming days, we plan to invest another Rs 1 lakh crore." Anil Agarwal said.
The Rising Rajasthan Summit is underway in Jaipur from 9-11 December, 2024 to attract global investors and showcase Rajasthan's potential as a hub for trade and industry.