Vedanta Aluminium has expressed confidence that the Sijimali bauxite block it owns has the potential to transform the socioeconomic status of the inhabitants and primitive tribes of Kalahandi and Rayagada districts. The company plans to invest Rs 1,200 crore over 25 years through the Lanjigarh Periphery Area Development Fund and proposed Sijimali Periphery Area Development Fund. The Sijimali Bauxite Mine is expected to generate Rs 2,200 crore in revenue for the state’s public exchequer, enabling infrastructure development for the next 50 years. The project is expected to create over 1,500 direct and indirect jobs and improve the locals’ health, education, livelihood, and environment. The tribal community’s participation in the development process will significantly impact the region’s overall growth.
Vedanta’s efforts to extract bauxite from Sijimali will be a crucial step towards driving development in the region.
by newsworm | Dec 4, 2024 | Vedanta | 0 comments