Vedanta Group Chairman Anil Agarwal has announced a ₹1 lakh crore investment aimed at ramping up zinc and oil production in Rajasthan, a move set to generate five lakh jobs. Highlighting Hindustan Zinc’s contributions, Agarwal noted, “Hindustan Zinc has invested ₹1 lakh crore so far, with an annual ₹50,000 crore going to the exchequer, including ₹10,000 crore to the Rajasthan government.”
Speaking ahead of the Rajasthan Investment Summit, Agarwal emphasised the state’s rich resources and entrepreneurial spirit. “Rajasthan is a land where there is nothing on the surface, yet beneath it lies gold, silver, zinc, oil, gas, and granite. Entrepreneurs from here have thrived with us globally,” he said.
Agarwal outlined Vedanta’s strategic plans, including doubling its investment in the state to ₹2 lakh crore. “This additional ₹1 lakh crore will boost zinc and oil production and create employment for 500,000 people,” he announced.
As part of the vision, Vedanta will also establish an industrial park, inviting investments ranging from ₹5 crore to ₹50 crore. “We plan to produce 25,000-ton houses within two years,” Agarwal added.
Highlighting Rajasthan’s growth potential, he praised its talent pool and governance. “Our youth, especially the girls, are incredibly capable. Instead of seeking jobs, think about creating them. Rajasthan’s entrepreneurial spirit will lead the way,” he urged.
He further credited advancements in technology, robust governance, and a supportive banking sector for the state’s promising future. “Rajasthan will unveil a new picture of development in the coming days,” he concluded.