Vedanta chief Anil Agarwal pledges Rs 50,000 crore investment to boost Assam’s oil & energy sector

Syllad | The Rising MeghalayaFebruary 28, 2025

Vedanta Group chairman Anil Agarwal has reaffirmed his commitment to Assam’s economic growth, highlighting the state’s vast potential in oil, gas, and tea industries. Reflecting on his experience at Advantage Assam 2.0, Agarwal took to social media to praise the state’s growth trajectory, rich cultural heritage, and thriving tea industry, while also outlining strategies to make Assam a world-class oil-producing hub.

Agarwal emphasized Assam’s strategic importance in oil and gas exploration, proposing a model inspired by the United States, where small oil wells empower start-ups and entrepreneurs. He advocated for simplified clearances, financial incentives, and enhanced exploration efforts to maximize domestic production and reduce import dependency.

As part of this vision, Cairn Oil & Gas, a Vedanta Group subsidiary, has pledged a Rs 50,000 crore investment in oil and gas exploration, aiming to produce 100,000 barrels per day and create one lakh jobs in Assam.

Beyond energy, Agarwal recognized Assam’s dominance in the tea industry, which accounts for over 50% of India’s total production. He proposed supporting small and medium-sized tea estates by reducing regulatory hurdles, encouraging boutique brands, and expanding global exports to boost employment.

Agarwal also immersed himself in Assam’s vibrant cultural landscape, witnessing the historic Jhumoir Binandini event, where 8,000 tea community members performed in unison. He described it as a “once-in-a-lifetime experience”, recalling Prime Minister Narendra Modi’s participation, where he played the Dhomsa drum, energizing the stadium.

In addition to industrial investments, Vedanta is strengthening corporate social responsibility (CSR) initiatives in Assam. Programs such as Nand Ghars (childcare centres), digital classrooms, and handloom skill centres are set to improve education, employment, and community development.

As Advantage Assam 2.0 opens new economic opportunities, Vedanta remains committed to transforming the state into a leading energy and industrial hub. A company spokesperson reiterated that Assam’s potential in oil, gas, and tea must be fully realized, positioning it as a key driver of India’s economic growth.