Bhubaneswar, October 23: The Vedanta will make a capital investment of around Rs 1 lakh crore in Odisha in the coming days generating over 1 lakh direct and indirect employment opportunities across the State.

The Vedanta Group Chairman Anil Agarwal on Thursday met Chief Minister Mohan Charan Majhi at Lok Seva Bhawan and discussed several new industrial projects in the State and the investment proposals.

“During the discussion, it was revealed that Vedanta plans to make a capital investment of around ₹1 lakh crore in Odisha in the coming days. This investment will generate over 1 lakh direct and indirect employment opportunities across the State. The State Government has assured full support for these investments, including the provision of required land and other infrastructure facilities,” said a CMO statement.

An ultra-modern Ferro-Alloys Plant will be established in Keonjhar to enhance Odisha’s standing in the global metal value chain. Vedanta will invest Rs 2,000 crore in this project, it stated.

Additionally, Vedanta will set up two new Aluminium Parks in Odisha. One of these parks will be located near its Aluminium Plant at Jharsuguda, while another will come up at a site identified by the State Government. These state-of-the-art parks will produce high-grade aluminium alloys suitable for use in aerospace, electric vehicles, and defence sectors. This will attract large-scale downstream investments and significantly boost the MSME sector in Odisha.

The Chief Minister said that the State Government is committed to realizing the Prime Minister’s vision of “Viksit Bharat.”

Through infrastructure development and industrial investments by companies like Vedanta, Odisha will achieve this goal. The Chief Minister added that Odisha is now poised to emerge as a global hub for industry and technology.

He further stated that such initiatives will not only accelerate economic growth but also create vast opportunities for the youth, empower people, and and set the ground for Odisha to become a $500 billion economy by 2036.

“This massive investment will be a game-changer for the bright future of Odisha,” the Chief Minister added.

Chief Secretary Manoj Ahuja, ACS (Industries) Hemant Sharma, ACS (Mines & Steel) Surendra Kumar, and Principal Secretary to Chief Minister Saswat Mishra, among others were present during the meeting during the meeting.