This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Terms of Use.
Accept
IndiaPost LiveIndiaPost LiveIndiaPost Live
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
Notification Show More
Font ResizerAa
IndiaPost LiveIndiaPost Live
Font ResizerAa
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • India News
  • State
  • World
  • Entertainment
  • Business
  • Trending
  • Sports
  • Career
  • Lifestyle
  • Languages
Follow US
© 2024 NM Media. All Rights Reserved.

News » Business » Vedanta to Pump $20 Billion into India’s Growth Engine: Tech, Electronics, and Glass in Focus

Business

Vedanta to Pump $20 Billion into India’s Growth Engine: Tech, Electronics, and Glass in Focus

NM Team
Last updated: 2 May, 2024 3:39 AM
NM Team
Share

Highlights

  • $20 billion investment by Vedanta Group across its Indian businesses over the next four years.
  • Priority sectors include technology, electronics, and glass manufacturing.
  • Steel business divestment subject to receiving a suitable offer.
  • Vedanta Group maintains a manageable total debt of $12 billion.
  • Investment in Bihar hinges on obtaining policy support from the state government.

New Delhi – In a move that underscores India’s commitment to technological advancement, Anil Agarwal, Chairman of the Vedanta Group, announced a planned investment of $20 billion over the next four years. This significant infusion of capital will target various businesses within the Vedanta umbrella, with a strategic shift towards emerging sectors like technology, electronics, and glass manufacturing.

Investing in the Future

Read More

Dehradun becomes home to India’s first ‘Writer’s Village’
Dehradun becomes home to India’s first ‘Writer’s Village’
PM Modi urges people to take nine pledges on ‘Navkar Mahamantra Divas’
PM Modi urges people to take nine pledges on ‘Navkar Mahamantra Divas’
Modi-Xi Meeting: A New Start for India-China Relations in Kazan? Here’s Inside Story
Modi-Xi Meeting: A New Start for India-China Relations in Kazan? Here’s Inside Story

This announcement marks a notable development for the Vedanta Group. The focus on high-growth sectors like technology, electronics, and glass manufacturing signals the conglomerate’s intent to align itself with India’s aspirations for a robust domestic manufacturing base and technological self-sufficiency.

Chairman Agarwal’s Vision

“Vedanta Group is firmly committed to investing $20 billion in India over the next four years,” affirmed Chairman Agarwal. “This strategic investment will act as a catalyst for propelling growth in critical areas like technology, electronics, and glass manufacturing.” He further emphasized the group’s interest in investing within Bihar, highlighting the need for supportive policies to facilitate such ventures.

Solidifying a Leadership Position

Industry analysts believe this substantial investment will solidify Vedanta Group’s position as a major player in India’s industrial landscape. The targeted sectors represent areas of rapid growth, and this move aligns perfectly with the national push for domestic manufacturing and technological independence.

Vedanta Group: A Leading Indian Conglomerate

For those unfamiliar, Vedanta Group is a diversified Indian multinational with a core focus on mining and metals. Headquartered in London, UK, the group boasts a significant presence across India, with mining operations for copper, zinc, aluminum, and oil & gas. Additionally, Vedanta Group has established itself within the domestic power generation, steel production, and aluminum refining sectors.

You Might Also Like

India not just a partner but co-traveller in Ghana’s development journey: PM Modi

Bounties on Maoists: From Rs 1 lakh to Rs 1.5 crore – How rewards are determined

Deadline relaxed: Pakistanis can leave India until further orders, says government

Centre does not seek to control Waqf Boards, says JP Nadda

‘Why does your blood boil only in front of cameras?’: Rahul Gandhi attacks PM Modi over Pakistan, terrorism, and Donald Trump

TAGGED:$20 billion investmentAnil AgarwalBiharDebtElectronicsGlass manufacturingIndiaPolicy supportSteelTechnologyVedanta Group
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Latest News

Odisha student dies after self-immolation over inaction on sexual harassment complaint
Odisha student dies after self-immolation over inaction on sexual harassment complaint
India News
Uttarakhand weather update: Orange alert for heavy rain in two districts; massive landslide in Devprayag injures two, cuts off villages
Uttarakhand weather update: Orange alert for heavy rain in two districts; massive landslide in Devprayag injures two, cuts off villages
India News
MoS Harsh Malhotra emphasises on Modi govt’s commitment of building safe transport ecosystem
MoS Harsh Malhotra emphasises on Modi govt’s commitment of building safe transport ecosystem
India News
Legendary marathoner Fauja Singh dies at 114 after being hit by vehicle in Punjab
Legendary marathoner Fauja Singh dies at 114 after being hit by vehicle in Punjab
India News

You also Like

‘Checkmate’: BJP’s new Operation Sindoor message takes inspiration from D Gukesh’s moment of victory
India News

‘Checkmate’: BJP’s new Operation Sindoor message takes inspiration from D Gukesh’s moment of victory

NM Desk NM Desk 2 Min Read
Class 9 fail is showing the way to Bihar’s development: Prashant Kishor’s dig at Tejashwi Yadav
India News

Class 9 fail is showing the way to Bihar’s development: Prashant Kishor’s dig at Tejashwi Yadav

NM Desk NM Desk 4 Min Read
Industry bodies oppose imports of refurbished medical devices
India News

Industry bodies oppose imports of refurbished medical devices

NM Desk NM Desk 4 Min Read
IndiaPost LiveIndiaPost Live
Follow US
© 2024 NM Media. All Rights Reserved.
  • About Us
  • Privacy Policy
  • Contact Us
Welcome Back!

Sign in to your account