Business EconomyPosted at: Feb 28 2025 5:28PM


Vedanta group reaffirms Rs 50,000 cr investment in Assam’s growth

New Delhi, Feb 28 (UNI) Vedanta Group on Friday said it is committed to invest Rs 50,000 crore in the state of Assam in oil and gas exploration, through its subsidiary Cairn Oil and Gas, targeting 100,000 barrels of production per day and generating one lakh new jobs.
“Cairn Oil & Gas, a Vedanta Group subsidiary, further reinforced its commitment with a Rs. 50,000 crore investment in oil and gas exploration, targeting 100,000 barrels of production per day and generating one lakh new jobs. The company’s CSR initiatives, including Nand Ghars, digital classrooms, and handloom skill centers, will also contribute to Assam’s socio-economic development,” Vedanta Chairman Anil Agarwal said after Advantage Assam’s second edition held
this week.
Reflecting on his visit to Advantage Assam 2.0, Agarwal highlighted Assam’s immense potential and reaffirmed his commitment to the state’s progress. Taking to social media, Agarwal shared his experiences in Assam, including its growth trajectory, rich cultural heritage, and thriving tea industry, while also outlining ideas to transform the state into a world-class oil-producing hub.
Agarwal emphasised Assam’s strategic potential in oil and gas, suggesting a model similar to the U.S., where small oil wells allow start-ups and entrepreneurs to participate actively.
“Big things come in small packages,” he remarked, advocating for simplified clearances, financial incentives, and enhanced exploration efforts to unlock the sector’s full potential. Increasing domestic oil and gas production, he added, would reduce import dependency and lower energy costs.
Beyond energy, Assam’s tea industry, which contributes over 50% of India’s total production, holds vast potential, Agarwal noted. He proposed encouraging small and medium-sized tea estates with fewer regulatory hurdles, creating jobs and promoting boutique tea brands for global markets.
The state’s vibrant cultural heritage was also in focus, with Agarwal witnessing the historic Jhumoir Binandini event, where 8,000 tea community members performed in what he called a "once-in-a-lifetime experience."
As Advantage Assam 2.0 unlocks new opportunities, Vedanta remains dedicated to driving Assam’s transformation into a major energy and industrial hub, the company said.
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