With a strong goal to make Northeast India an important energy and infrastructure hub, Vedanta Group revealed today that it will invest ₹30,000 crore in six states in the region. It covers oil and gas, critical minerals, refining, power, optical fibre, renewable energy, transmission networks, system integration and data centres.
The community development project is built on Vedanta’s earlier promise of ₹50,000 crore for Assam, making it one of the biggest initiatives in the Northeast by a private firm. Vedanta believes that its exploration and development program can uncover new hydrocarbon sources to support the growth of industry.
The industry is expected to create approximately one lakh jobs which will drive development in the region. Vedanta is also increasing its work in CSR by adding more Nand Ghars, establishing centres for handloom skills, setting up digital classrooms and supporting youth sports.
Key highlights:
“Today, the states of the Northeast are growing in double digits. The opportunities are growing even faster. Under Prime Minister's leadership, this region has become a key engine of growth for Viksit Bharat. Vedanta is fully committed to investment in the region which has the most amazing natural resources potential, from oil and gas to critical minerals and an exceptional pool of talented human resources," said Vedanta Group Chairman Anil Agarwal.
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Additionally, working with transmission facilities, Vedanta has enabled 1,000 MW of power to travel from Assam to Meghalaya. Tata made their announcement at the Rising Northeast Investors Summit after both Adani and Reliance pledged ₹50,000 cr and ₹75,000 cr respectively.
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