Latest news with #MinistryofDevelopmentofNortheasternRegion
Time of India
23-05-2025
- Business
- Time of India
Vedanta Group to invest Rs 80,000 crore in Northeast India for growth and development
Guwahati: Vedanta Group announced an investment of Rs. 80,000 crores in the Northeast region. The company was participating in the inaugural session of the Rising Northeast Investors Summit 2025 - a global investment conclave organized by the Ministry of Development of Northeastern Region in New Delhi. The investment will be made in the fields of oil & gas, critical minerals , refining facilities, power, optical fibre, system integration, renewable energy, transmission sectors and data centers in six Northeastern states. Vedanta is undertaking one of the largest exploration and development programs to unlock the hydrocarbons in the Northeast. Earlier this year, the company announced Rs. 50,000 crore investment in Assam at the Advantage Assam 2.0 summit. Today, the hydrocarbons & minerals conglomerate announced additional investments of Rs. 30,000 crores across Arunachal Pradesh, Nagaland, Tripura, Meghalaya and Mizoram, at the Rising Northeast Summit. The investment will potentially generate up to 1 lakh jobs and enable socio-economic development of the region. Vedanta is also committed to expanding its social impact initiatives such as Nand Ghars (modernized anganwadis that function as holistic centers for woman & child development), handloom skill centers, digital classrooms for women and children, and promoting sports to ensure a brighter, more inclusive future for the youth of the region. Speaking at the summit Anil Agarwal, Chairman – Vedanta Group, reinforced his company's commitment towards the progress of the region. 'Today, the states of the North-East are growing in double digits. The opportunities are growing even faster. Under the Prime Minister's leadership, this region has become a key engine of growth for Viksit Bharat. The private sector is ready to be a partner for prosperity. Vedanta is fully committed to investment in the region which has the most amazing natural resources potential, from oil and gas to critical minerals and an exceptional pool of talented human resources', said Agarwal. The Northeast is a land of unparalleled natural abundance, both above and below the ground. Assam, the site of India's first oil discovery, holds nearly 27% of the country's crude reserves. Cairn Oil & Gas has been producing from the Hazarigaon field in Assam, the first DSF (Discovered Small Field) block to go under production in the Northeast. Cairn has also been supplying gas to the neighbouring Tea estates, giving a boost to tea production in Assam and enabling farmers to switch from expensive coal-based energy sources to clean gas. The locally produced gas from the Hazarigaon field is also a prime contributor in fuelling more than 100 CNG buses in Guwahati, supporting the clean energy initiative of the Government of Assam. Arunachal Pradesh is home to India's highest graphite reserves, substantial vanadium and Rare Earth deposits, and nearly 40% of the country's hydro power potential. Recently, Vedanta secured vanadium and graphite mineral blocks in Arunachal Pradesh through critical mineral auctions. Once explored, these critical mineral blocks will provide vital raw materials to India's hi-tech manufacturing and clean energy sectors. Nagaland, Tripura, and Meghalaya also have immense natural resources that can be responsibly harnessed for the growth of the region and the country. Vedanta and its sister entities have also invested in the commissioning of a 300 circuit kilometer transmission system network which allows transfer of 1,000 MW power from Assam to Meghalaya. This project significantly improves power reliability and accessibility in Meghalaya and Assam, supporting the region's industrial, commercial, socio-economic growth and overall quality of life.
Time of India
23-05-2025
- Business
- Time of India
Vedanta announces additional ₹30,000 crore investment in Northeast; total commitment now ₹80,000 crore
New Delhi: Vedanta Group on Friday announced an investment of ₹80,000 crore in the Northeast region, including a fresh commitment of ₹30 ,000 crore in five states. The investment was announced during the inaugural session of the Rising Northeast Investors Summit 2025 organised by the Ministry of Development of Northeastern Region in New Delhi. Vedanta had earlier committed ₹50,000 crore in Assam during the Advantage Assam 2.0 summit. The company has now committed another ₹30,000 crore investment across Arunachal Pradesh, Nagaland, Tripura, Meghalaya, and Mizoram. The total investment across six Northeastern states now stands at ₹80,000 crore. The investment will cover oil and gas, critical minerals, refining, power, optical fibre, system integration, renewable energy, transmission, and data centres. According to the company, the projects have the potential to generate up to one lakh jobs in the region. 'Today, the states of the North-East are growing in double digits. The opportunities are growing even faster. Under the Prime Minister's leadership, this region has become a key engine of growth for Viksit Bharat. The private sector is ready to be a partner for prosperity. Vedanta is fully committed to investment in the region which has the most amazing natural resources potential, from oil and gas to critical minerals and an exceptional pool of talented human resources,' said Anil Agarwal, Chairman, Vedanta Group. Cairn Oil & Gas, part of the Vedanta Group, is currently producing from the Hazarigaon field in Assam, which was the first Discovered Small Field (DSF) block to go into production in the Northeast. Cairn has also been supplying gas to tea estates in Assam and fuelling over 100 CNG buses in Guwahati. Vedanta has secured vanadium and graphite mineral blocks in Arunachal Pradesh through recent critical mineral auctions. Arunachal Pradesh accounts for nearly 40 per cent of the country's hydro power potential and has substantial deposits of graphite, vanadium, and rare earth elements. The company has also completed the commissioning of a 300-circuit kilometre transmission network enabling the transfer of 1,000 MW power from Assam to Meghalaya. Vedanta is engaged in several community development initiatives in the region including Nand Ghars, handloom centres supporting over 3,000 women, livelihood training, digital classrooms, and partnerships with Kaziranga National Park and Tiger Reserve.
United News of India
15-05-2025
- Business
- United News of India
Tripura CM seeks attention of DoNER for NE development
Agartala, May 15 (UNI) Tripura Chief Minister Dr Manik Saha on Thursday has sought the intervention of Ministry of Development of Northeastern Region (DoNER) on issues related to the state's interests, especially for setting up of AIIMS in the state, and has drawn the attention of DoNER Minister Jyotiraditya Scindia. The second high-level meeting of the Ministry of Development of North Eastern Region (DONER) was held under the chairmanship of Union Donor Minister Jyotiraditya Scindia. During discussion in the meeting, Dr Saha sought the cooperation of the DoNER Ministry in various matters related to the state's interests, including starting international flight services from the MBB airport, declaring the Gymnasium Academy in the state as the National Gymnast Academy, taking necessary steps for the development of the NH-06 road, and giving concessions in the price of natural gas. The Chief Minister also mentioned the government's approach to encourage entrepreneurs to set up industries in the state by developing a skilled workforce. In the meeting he also mentioned that necessary steps which will be taken to accelerate the work of infrastructure development projects implemented in the state and state's GSDP and per capita income have increased significantly. Chief Minister mentioned in detail the steps taken by the North Eastern states in view of the decisions taken in the first meeting of the High Level Task Force. He highlighted the inclusion of the attractive tourist centre of the state with 19 crores in the tourism circuit of the North Eastern region. UNI BB GNK
