Vedanta Limited, one of India's largest aluminium producers, has announced the foundation stone laying of the Vedanta Aluminium Park, at Jharsuguda city Odisha. The park was inaugurated by Naveen Patnaik, Chief Minister, Odisha during the 'Make In Odisha 2022' conclave in the presence of Anil Agarwal, Chairman, Vedanta. The project is a strategic partnership joint venture between Vedanta Aluminium and the Odisha Industrial Infrastructure Development Corporation (IDCO).
CEO of Vedanta Aluminium, Rahul Sharma was also a part of the inauguration event. The Park will pan out as a world-class industrial facility, a centre where companies can set up their manufacturing units and draw hot metal (molten aluminium) from Vedanta's smelter at Jharsuguda to manufacture their products. Vedanta's aluminium smelter holds an annual capacity of 1.75 million tonnes.
Spread over 253 acres, the Park will be one of India's largest metal parks. With its strategic location, features and wide range of amenities, the Park will offer aluminium-based advantages for the business to bloom. These benefits include:
Increased productivity: High-quality hot metal in any desired quantity can be easily accessed, resulting in production flexibility, better productivity and a rise in cost-competitiveness to industries.
Reduced time: Time and money can be saved with the reduction of time required for transportation and re-melting due to the instant availability of hot metal.
Technical and after-sales support: Access to Vedanta Aluminium's Centre of Excellence, R&D facility, and network of start-ups and global experts, will provide a significant competitive edge to manufacturers.
SEZ for export-oriented industries: Access to hot metal to produce goods will add to the list of advantages for export-oriented industries with the presence of a Special Economic Zone (SEZ) smelter at Vedanta's Jharsuguda complex.
Environmental and carbon footprint: The park will make it possible to limit significant carbon emissions to the tune of 60-70,000 tonnes per annum, eliminating the need for re-melting or long-haul logistics, thus helping industries produce low-carbon products and decarbonize their operations.
CM Patnaik said, "Odisha is fast emerging as a major investment destination in the country. We are a progressive state with a clear focus on transformation in all sectors and inclusive development. At Odisha, we offer you better than the best services, support, and incentives - beyond the best in the country. Investor-friendly initiatives and transformative governance put us on the path of progress."
In his address, Anil Agarwal, Chairman, Vedanta, said, "The world looks to India as the next destination for manufacturing, and in India, Odisha is poised to become the go-to destination for investors in India, under the leadership of Mr Naveen Patnaik. Odisha, with its natural advantages, is the Aluminium Capital of India today and has the potential to become the Aluminium Capital of the world. Vedanta Aluminium Park will bring more downstream players to Odisha to maximise value addition and further deepen the industrialisation in the state."
