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- Shri Anil Agarwal, Chairman of Vedanta Group, Unveils Plans for the World海角直播 First Zinc Park聽at Rising聽Rajasthan聽2024
- Part of Vedanta海角直播 Rs. 1 Lakh Crore Fresh Investment in聽Rajasthan
- The Zinc Park to Catalyze聽Rajasthan海角直播 Emergence as a Global Hub for Metals and Manufacturing
Jaipur, December 9, 2024:聽In a landmark announcement today at the Rising聽Rajasthan聽Global Investment Summit 2024, Vedanta海角直播 Hindustan Zinc, the world海角直播 second-largest integrated zinc producer, revealed plans to establish the world海角直播 first industrial Zinc Park in聽Rajasthan. The Honourable Chief Minister of聽Rajasthan, Shri Bhajan Lal Sharma, in presence of the Honourable Prime Minister of India, Shri Narendra Modi, and Shri Anil Agarwal, Chairman, Vedanta Group graced the occasion to mark this pivotal moment in聽Rajasthan海角直播 industrial future.
Shri Anil Agarwal, Chairman of Vedanta Group, outlined the strategic importance of the Zinc Park as a critical component of Vedanta海角直播 fresh Rs. 1 lakh crore investment across zinc, oil and gas, and renewable energy sectors in聽Rajasthan. The聽ambitious not-for-profit聽Zinc Park is poised to serve as a transformative industrial ecosystem, driving both upstream and downstream industries in metals and manufacturing.聽Also present during the ceremony were Smt. Priya Agarwal Hebbar, Chairperson 鈥 Hindustan Zinc Limited and Shri Arun Misra, CEO 鈥 Hindustan Zinc Limited,聽underscoring the significance of this landmark initiative.
Strategic Location and World-Class Infrastructure
The proposed Zinc Park will be strategically located near Hindustan Zinc海角直播 state-of-the-art facilities, including the world海角直播 largest single-location zinc-lead smelter at Chanderiya, Chittorgarh, and top-tier plants at Dariba and Debari. It will thousands of jobs and will offer world-class infrastructure, developed industrial land, reliable utilities, a steady supply of raw materials and competitive costs, enabling businesses to seamlessly establish their operations.
The park will operate entirely on renewable energy, aligning with Hindustan Zinc海角直播 commitment to sustainability. It will provide a comprehensive platform for industries ranging from large enterprises to MSMEs and budding entrepreneurs with initial investments as low as Rs. 5 crores, catering to sectors requiring zinc, lead, silver, and related byproducts. Additionally, the park will serve suppliers, offering a cost-effective and resource-efficient environment for raw material, maintenance services and equipment suppliers.
The Zinc Park will also be a hub of innovation, with access to Hindustan Zinc海角直播 Centre of Excellence and R&D facilities, fostering collaboration in product development and the creation of customized alloys. Furthermore, a portion of Hindustan Zinc海角直播 metal production will be exclusively allocated to the park, ensuring supply chain reliability, just-in-time delivery, and a reduced carbon footprint across the entire value chain.聽Backed by the robust institutional environment of聽Rajasthan, the park will enable access to various policy benefits of the state enabling access to domestic as well as global markets.
A Holistic Vision for聽Rajasthan海角直播 Growth
Shri Bhajan Lal Sharma, Hon鈥檅le Chief Minister of聽Rajasthan, said, 鈥淲e welcome Vedanta海角直播 initiative of establishing the world海角直播 first Zinc Park in聽Rajasthan.聽Rajasthan海角直播 new double engine government is committed to the Hon鈥檅le Prime Minister海角直播 vision of a Viksit Bharat by 2047.聽Rajasthan聽offers the best business-friendly policies, incentives and support in the country. With an abundance of resources and mega investments planned in聽Rajasthan, the entire state machinery stands tall with entrepreneurs at every step. I will ensure that the State Government provides full support to investors to come and invest in聽Rajasthan聽and join us in building a prosperous future.鈥
Shri Anil Agarwal, Chairman of Vedanta Group, stated, 鈥淭he Zinc Park which we will establish on a not-for-profit basis will enable the setting up of hundreds of MSMEs and create massive jobs. It will reinforce聽Rajasthan海角直播 leadership position in critical minerals and energy.聽Rajasthan聽is blessed with an abundance of natural resources, including hydrocarbons, zinc, lead, silver, copper, rock phosphate, making it a land of amazing opportunities. And it is already a leader in solar energy capacity. Vedanta is fully committed to聽Rajasthan. Our cumulative investment of over Rs. 2.5 lakh crores in the state will significantly enhance its industrial ecosystem, create jobs for over 2 lakh people, and drive exponential economic growth.鈥
A Promising Future for聽Rajasthan
Ahead of the summit, Vedanta announced a fresh Rs. 1 lakh crore investment in the state, which will catalyze the creation of over 2 lakh jobs and support more than 500 downstream industries across sectors. Hindustan Zinc plans to double its zinc production capacity, expand its silver production, and introduce India海角直播 first fertilizer plant, while Cairn Oil & Gas will boost its oil production, and Serentica Renewables will develop 10,000 MW of renewable energy capacity.
As the world海角直播 second-largest integrated zinc producer and a leader in the global transition to sustainable energy, Hindustan Zinc, a Vedanta Group company,聽is committed to leading innovation in metals and mining, providing critical resources for industries worldwide. The company was recently recognized as the world海角直播 most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2023.
This announcement underscores Hindustan Zinc海角直播 role in driving聽Rajasthan海角直播 economic growth, positioning the state as a critical player in the global industrial landscape.
