London based group to invest 8.4bn in India and $1.2 billion in South Africa

Vedanta, a London based oil and metals group plans to invest in South Africa and India. The group has plans to invest $8.42 billion in its Indian projects and $1.2 billion in its South African projects. 

The company is aiming at increasing its zinc production and plans to expand its zinc operations in India and Africa.

Vedanta CEO Srinivasan Venkatakrishnan, Executive Chairman Anil Agarwal and CEO of Vedanta Zinc International Deshnee Naidoo were part of the delegation accompanying South African President Cyril Ramaphosa on his trip to India.

The company has over the years committed to creating jobs and plans to create more jobs in both countries. Vedanta created approximately 100 000 jobs in India and South Africa.

Vedanta has already invested $400m in South Africa bring its total investment to 4 billion,” Agarwal told. Channel ET.

 

Source: Mining Technology

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