Vedanta Aluminium invites partners for aluminium park in Odisha
With an aspiration to ‘Make in India for the world’, Vedanta Aluminium has partnered with Odisha Industrial Infrastructure Development Corporation (IDCO) to set up the Vedanta Aluminium Park near its aluminium smelter in Jharsuguda. Vedanta Jharsuguda is one of the world’s largest aluminium smelters, equipped with global best technologies for producing high-quality aluminium products. An aluminium park is a facility in the vicinity of an aluminium smelter, where downstream industries set up their manufacturing units and draw hot metal from the smelter to manufacture their end-product.Inviting aluminium producers to set up shop at the Vedanta Aluminium Park, Rahul Sharma, CEO - Aluminium Business, Vedanta, said, “Odisha is crowned as the aluminium capital of the country. With the objective to develop a thriving ecosystem of aluminium-based SMEs and MSMEs in Jharsuguda, Vedanta is committed to supply 3 lakh metric tonne of aluminium to companies who set up their facilities in our aluminium park. The project brings with it a threefold benefit to the state: investments by MSMEs from across the country in the state, creation of large-scale employment opportunities for local talent, and significant revenue in the form of taxes and duties for the state exchequer.”The aluminium park will offer facilities such as water, power, hot metal supply and a dross processing plant as well as other benefits to companies that set up their manufacturing units there. More important, proximity to Vedanta’s Jharsuguda smelter will ensure that the companies have access to Vedanta’s Centre of Excellence and R&D Centre for downstream aluminium products. Further, availability of high-quality molten metal directly to their processing units will reduce input costs significantly, making the final products cost-competitive and on par with global quality standards. This model also ensures that the carbon footprint of the entire value chain is substantially reduced.The project is expected to attract investments of over Rs.20 billion to Odisha and engage thousands of MSMEs in the ecosystem, thereby bringing in additional economic value to the tune of Rs.45 billion to the state annually. The park has potential to create over 1 lakh livelihood opportunities in the state, with a community outreach of more than 4 lakh.