4:28 pm - Monday June 17, 2024

Vedanta plans big investments in Rajasthan

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JAIPUR: With trophy assets like Cairn India and Hindustan Zinc located in Rajasthan, the engagement of Vedanta Resources has grown deeper with the state, which is considered the mineral museum of the country.

Chairman of the London-listed company Anil Agarwal who visited the city on Thursday told TOI in an interview that the group has big investment plans in Rajasthan.

The draft new mining policy has proposed to open up the sector to private players and group is keen to look at the new opportunities. We are very excited to look at the opportunities. The group has big investment plans in Rajasthan. We will also look at the feasibility of a fertilizer plant in the state,” said Agarwal.

He said the state has oil and gas, huge gold reserves, rock phosphate, potash, lignite, and the best marbles stones in the world. “There is scope for huge investments and the investor community is ready to come in. But they need some comfort to do business and cannot run pillar to post for approvals. What they are looking at is how simple and transparent the policies are,” said Agarwal.

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