Vedanta Aluminium to Invest ₹1,200 Crore for Community Development in Odisha

Team FS

    04/Dec/2024

What's covered under the Article:

  1. Vedanta Aluminium to spend ₹1,200 crore over 25 years for Odisha’s periphery development.
  2. Sijimali bauxite mine to generate ₹2,200 crore annual revenue for Odisha’s exchequer.
  3. Over 1,500 direct and indirect job opportunities expected in Odisha’s mining regions.

Vedanta Aluminium, India’s leading aluminium producer, has unveiled a bold initiative to enhance the socio-economic and environmental landscape surrounding its Lanjigarh plant and Sijimali mine in Odisha. The company has committed to investing ₹1,200 crore over the next 25 years to uplift the periphery areas in Kalahandi and Rayagada districts.

This substantial funding will flow through the existing Lanjigarh Periphery Area Development Fund and the newly proposed Sijimali Periphery Area Development Fund. Both initiatives will include representatives from local communities and public officials to ensure the funds address the region's most pressing developmental needs.

Sijimali Bauxite Mine: A Revenue and Employment Powerhouse

The Sijimali bauxite block, which spans the Kalahandi and Rayagada districts, is set to generate an estimated ₹2,200 crore in annual revenue for Odisha’s public exchequer. This is a significant boost for the state, demonstrating how industrial projects can have far-reaching economic benefits.

Moreover, the mining and operational activities around the Sijimali block are expected to create more than 1,500 direct and indirect jobs. These opportunities will primarily benefit the local populace, ensuring community participation in Odisha’s growing industrial landscape.

A Commitment to Sustainability and the Environment

Vedanta’s investment is not limited to economic upliftment. The company’s Chief Operating Officer, Sunil Gupta, emphasized that sustainability remains a cornerstone of its operations. “Since Vedanta considers mother earth as a stakeholder, the already blessed green cover will work as a bio-filter that will hold the entire ecosystem by preventing soil erosion and maintaining the flora and fauna of the region,” Gupta said.

Community-Centric Development Initiatives

The ₹1,200 crore investment plan is a holistic approach aimed at addressing the diverse needs of communities residing around Vedanta’s operational hubs. The funds will be allocated for:

  • Healthcare facilities to improve access and affordability for rural populations.
  • Educational initiatives, ensuring children and youth have access to quality learning resources.
  • Infrastructure projects, such as roads, water supply systems, and electrification, to enhance living standards.
  • Skill development programs, equipping the local workforce with industry-relevant skills to secure sustainable livelihoods.

Boosting Odisha’s Economy

The Sijimali mine, apart from being a revenue generator, will serve as a model for responsible mining. Vedanta’s adherence to environmental norms and community engagement strategies underscores its commitment to long-term sustainable development in Odisha.

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