Vedanta to invest Rs 18,000 cr in Butibori, says Nitin Gadkari

Source: The Hitavada      Date: 11 Sep 2017 09:50:23


Business Bureau,

Nitin Gadkari, Union Minister for Road Transport, Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation, said that Vedanta Resources will soon set up its plant in Butibori involving investment of Rs 18,000 crore.
“During my recent visit to London, Anil Agarwal, Executive Chairman of Vedanta Resources assured me that the company would set up plant in the Nagpur,” he said at a function organised by Vidarbha Industries Association (VIA) on Saturday.

For quite some time the company is working on a proposal to set up LCD panel manufacturing that is expected to create huge job opportunities in the area.

Apart from this, Gadkari said a Gujarat-based companies having interests in agriculture is also planning to undertake organic farming of cotton in the region. “The company is looking forward start organic farming on 50,000 acers land in the Wardha which will give a sigh of relief to many farmers. It will enhance productivity of and also give boost to agro-economy,” he said.

He further added that some of the Japanese companies will also invest in the region. A delegation of Japanese companies will be arriving in the country in couple of days along with Japanese Prime Minister Shinzo Abe.

“While inviting these companies, I am also asking them to give top priority to recruitment of local youths. I will be very very to see that our youth get benefited due to upcoming investments,” he said. Gadkari further said that entrepreneurs of the region should also expand their businesses. “I am aware of ground realities wherein running businesses is a challenge. But the entrepreneurs should take up the challenges and contribute for the region’s growth,” he said.

Gadkari highlighted that he and Maharashtra Chief Minister Devendra Fadnavis are making all possible attempts to attract investments in the region but said he would be more happy to see Vidarbha’s entrepreneurs growing. "Some of the regions entrepreneurs have scaled new high in their respective sectors setting examples for others,” he said.