Bhubaneswar: Vedanta Limited, considered India’s largest producer of aluminium, on Thursday announced the foundation stone laying of the Vedanta Aluminium Park in Odisha’s Jharsuguda.
Chief Minister Naveen Patnaik unveiled the stone at the ongoing Make In Odisha Conclave 2022 in Bhubaneswar in the presence of Vedanta Chairman Anil Agarwal, thus inaugurating the Aluminium Park officially, a Vedanta release said..
The Park is a joint venture between Vedanta Aluminium and the Odisha Industrial Infrastructure Development Corporation (IDCO). Also present during the ceremony was CEO of Vedanta Aluminium Rahul Sharma.
The Vedanta Aluminium Park will be a world-class industrial facility where companies can set up their manufacturing units and draw hot metal (molten aluminium) from Vedanta’s smelter at Jharsuguda to manufacture their products.
Vedanta’s aluminium smelter at Jharsuguda is one of the world’s largest aluminium smelters, with a capacity of 1.75 million tonnes per annum.
Spread over 253 acres, the Vedanta Aluminium Park will be one of India’s largest metal parks. With its strategic location and features and a plethora of amenities, the Park will provide aluminium-based businesses unmatched advantage to exponentially grow their business.
Speaking on the occasion, the Chief Minister said Odisha is fast emerging as a major investment destination in the country. “We are a progressive state with clear focus on transformation in all sectors and inclusive development. In Odisha, we offer you better than the best services, support, and incentives – beyond the best in the country,” he said.
In his address, Agarwal said, “Today, the world looks to India as the next destination for manufacturing, and in India, Odisha is poised to become the go-to destination for investors in India, under the leadership of Shri. Naveen Patnaik Ji. Odisha, with its natural advantages, is the Aluminium Capital of India today, and has the potential to become the Aluminium Capital of the world.”
Over the years, Vedanta has invested over 1 lakh crores and have created over 5 Lakh direct & indirect livelihood opportunities in the state and now the Vedanta Aluminium Park will bring more downstream players to Odisha to maximise value addition and further deepen the industrialisation in the state, he said.
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