Vedanta Chairman Anil Agarwal Advocates for Investment and Growth in Rajasthan at the Rising Rajasthan Summit

Bengaluru, December 9, 2024: Vedanta Chairman Anil Agarwal today called Rajasthan as India’s sweet spot and said that sustainable exploration can increase the state’s growth manifold. Addressing the Rising Rajasthan Summit, Mr Agarwal said there is a wealth of natural resources in Rajasthan including oil, gas, potash, rock phosphate, lead, zinc and silver.

“All the successful countries of the world have developed due to below-the-ground resources. We should also move forward on that path. There are three times more building stone reserves here than Italy. Rajasthan can get a lot of benefit by being a neighbour of the most industrialized state Gujarat, which also has a port. There is oil, gas, potash, rock phosphate, lead, zinc, silver here. If you invest in Rajasthan, you will get profitability quickly,” he said in his speech.

During his speech, Mr. Agarwal announced that Vedanta will invest an additional Rs 1 lakh crore in the state in the coming years. He also announced plans to set up a non-profit zinc park that will provide land, raw materials, and energy supply to hundreds of SMEs, thereby fostering the establishment of around 500 new industries.

Vedanta’s strong and longstanding commitment to the state of Rajasthan has played a key role in driving its industrial and economic growth and is powering Rajasthan’s ambition of becoming a US$350 billion economy by 2030, further strengthening its position as a global hub for metals, minerals, and industrial innovation.

Highlighting their own contribution to Rajasthan’s growth, he shared, “Since 2002, we have invested over ₹1 lakh crore in Rajasthan, creating over 1 lakh jobs and supporting the growth of more than 5,000 companies. We are proud to be the largest taxpayer in Rajasthan, contributing ₹50,000 crore annually to the National Exchequer. We aim to triple this contribution in the coming years.”