Natural resources conglomerate Vedanta Ltd. will help Odisha government set up an aluminium park next to its smelter in the state, creating a readymade market for its produce.
The industries that will sign up for the proposed aluminium park are expected to use Vedanta’s liquid aluminium to manufacture aluminium conductors, extrusions, castings, foils and so on. This aluminium park, spread across 240 acres of land, is expected to attract an investment of about Rs 1000 crore and generate 17,000 jobs. Its creation is in line with Odisha government’s vision to not just allow companies to mine its natural resources but also aid value addition in the state. The state is not in the favour of extracting resources from the state but converting it into usable products in other parts of the country or world.