Vedanta Group Chairman Anil Agarwal has announced a ₹1 lakh crore investment in Rajasthan, aimed at boosting zinc and oil production. This investment is expected to create five lakh jobs and further support the state’s economic development.
Agarwal highlighted that Hindustan Zinc has already invested ₹1 lakh crore and contributes ₹50,000 crore annually to the exchequer, with ₹10,000 crore going to the Rajasthan government. “Rajasthan is a land of untapped potential,” Agarwal said ahead of the Rajasthan Investment Summit. “From gold and silver to zinc, oil, gas, and granite, the resources here are vast. Entrepreneurs from here have made their mark internationally.”
Discussing Vedanta’s expansion plans, Agarwal stated, “We have already invested ₹1 lakh crore, and we plan to invest another ₹1 lakh crore in the coming years. This will increase zinc and oil production, creating 500,000 jobs.” He also announced plans to set up an industrial park to attract investments ranging from ₹5 crore to ₹50 crore. “We will build 25,000 homes over the next two years,” he added.
Agarwal emphasized the state’s potential for growth, citing the availability of skilled workforce and technological advancements. “Our youth are capable and empowered, and the local girls have untapped strength. Rather than looking for jobs, create them,” he said. “The technology infrastructure is strong, governance is improving, and the financial sector is ready to support. You will soon see a transformed Rajasthan.”
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is a global leader in the critical minerals, energy, and technology sectors, with a presence across multiple countries, including India, South Africa, UAE, and Japan. Vedanta is dedicated to sustainable development and has committed to achieving net-zero carbon emissions by 2050. The company also focuses on social initiatives through the Anil Agarwal Foundation, which aims to invest Rs 5000 crore in community programs over the next five years. Vedanta is listed on the Bombay Stock Exchange and the National Stock Exchange.
