From Our Special Correspondent
NEW DELHI, April 12: Meghalaya and other states in the Northeast are all set to receive massive investments with the Vedanta Group planning to invest Rs 30,000 crore in the fields of power, critical minerals, energy optical fibre, system integration, renewable energy, transmission sectors and data centres.
The major diversified global natural resources conglomerate announced investment of Rs 30,000 crore across Meghalaya, Arunachal Pradesh, Nagaland, Tripura, Meghalaya and Mizoram. During the Rising North East Investors Summit earlier this year, the group had committed an investment of Rs 50,000 crore in Assam alone, mostly in oil and natural gas.
Vedanta and its sister entities have also invested in the commissioning of a 300 circuit kilometer transmission system network which allows transfer of 1,000 MW power from Assam to Meghalaya. This project significantly improves power reliability and accessibility in Meghalaya and Assam, supporting the region’s industrial, commercial, socio-economic growth and overall quality of life.
Vedanta is undertaking one of the largest exploration and development programmes to unlock the hydrocarbon potential in the Northeast.
The investment will potentially generate up to one lakh jobs and enable socio-economic development of the region. Vedanta is also committed to expanding its social impact initiatives such as Nand Ghars (modernised anganwadis that function as holistic centres for women and child development), handloom skill centres, digital classrooms for women and children, and promoting sports to ensure a brighter, more inclusive future for the youth of the region.
“Today, the states of the Northeast are growing in double digits. The opportunities are growing even faster. Under Prime Minister Narendra Modi’s leadership, this region has become a key engine of growth for Viksit Bharat. Vedanta is fully committed to investment in the region which has the most amazing natural resources potential, from oil and gas to critical minerals and an exceptional pool of talented human resources,” Vedanta Group Chairman Anil Agarwal said.
Meghalaya, Nagaland, and Tripura also have immense natural resources that can be responsibly harnessed for the growth of the region and the country. Assam holds nearly 27 per cent of the country’s crude reserves, he added.
