The Business Bytes
TBB BUREAU
BHUBANESWAR, NOV 17, 2021
“We remain strongly committed to development of Odisha. Vedanta has planned major investments in the state and we invite start-ups to partner us in this sustainable growth journey,” said Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd.
Speaking at the 23rd edition of Enterprise Odisha organized by the Confederation of Indian Industry (CII) in collaboration with the Odisha Government, Sharma said Odisha is the ‘Aluminium Capital of India’, with Vedanta playing a significant part in the state’s tremendous growth story for the past two decades.
With significant investments, Vedanta has connected Lanjigarh and Jharsuguda to the socio-economic mainstream, creating over 4 lakh livelihood opportunities. Vedanta’s proposed one-of-its-kind Aluminium Park will attract a 1000-plus SMEs and MSMEs to Odisha, adding Rs 5,000 crore of value to the state, which will provide additional 1 lakh livelihood opportunities for the local populace, he added.
“Driven by innovation and technology, Odisha is poised to be a trillion dollar economy in the next decade. I thank the Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik ji, for creating a favourable environment which has fostered 360-degree development in the state,” said Sharma.
Vedanta Aluminium Business, India’s largest producer of aluminium and its value-added products, has announced plans to collaborate with entrepreneurs and start-ups on innovation and technology at Enterprise Odisha 2021.
Vedanta has created a ‘Centre of Excellence’ to bring together digitization and research, to nurture the start-up culture and accelerate development of emerging technologies.
Under the company’s CSR initiatives, Vedanta’s social outreach programs in livelihood, healthcare, education, skill development, etc. reach out to over 3 lakh people from 125 villages. Its Nandghar programme aims to establish 400 modern anganwadis across the state, which will serve as centres of child development and women empowerment.
Vedanta Aluminium Business is India’s largest manufacturer of aluminium, producing half of India’s aluminium i.e., 1.96 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
