New Delhi, NFAPost: The Vedanta Group, a natural resources producer, plans to invest Rs 5,000 crore over the next five years focusing on providing nutrition, women and child development including major investments in a Corona-free village project across 1,000 villages in 12 states.
The first of its kind social impact programme will be run by Anil Agarwal Foundation which will be the umbrella entity of Vedanta’s social initiatives and provide all-around development to work towards these goals over the next five years.
Addressing media, Vedanta Group Chairman Anil Agarwal said the family has already pledged 75% of their wealth towards social good and upliftment of the masses.
“The Group has already spent Rs 2,000 crore in last year in various social projects. The newly launched ‘Swasth Gaon Abhiyaan’ will be a mega project which will enhance ‘immunity in community’ to ensure minimum impact of Covid, as part of their overall objective of providing social development and infrastructure as an essential service to the nation,” said Anil Agarwal.
In addition, this will also enhance job opportunities, reskill the youth and bring instability which is key to economic growth for India. KPMG will be a strategic partner of Anil Agarwal Foundation in implementing this massive programme.
Further, Agarwal said it will invest $5 billion in three years with $2 billion going for oil and gas alone while the other businesses aluminium, copper, zinc, steel and iron ore getting about $500 million. With this the vison of group targets is to make $7 billion profit this year, he said.