Sijimali Bauxite Block Poised To Script Socio-Economic Transformation Saga In Odisha
Bhubaneswar (Odisha) [India], December 4: Spread over two adjoining districts, the Sijimali Bauxite Block, owned by Vedanta Aluminium, has the potential that promises to transform the socio-economic status of the inhabitant primitive tribes by dint of mainstreaming and accelerating the pace of the developmental process of Kalahandi and Rayagada in Odisha. Vedanta has already planned [...]
Bhubaneswar (Odisha) [India], December 4: Spread over two adjoining districts, the Sijimali Bauxite Block, owned by Vedanta Aluminium, has the potential that promises to transform the socio-economic status of the inhabitant primitive tribes by dint of mainstreaming and accelerating the pace of the developmental process of Kalahandi and Rayagada in Odisha.
Vedanta has already planned and tightened up its belt to spend Rs 1,200 crores in the next 25 years through the existing Lanjigarh Periphery Area Development Fund (LPDAF) and proposed Sijimali Periphery Area Development Fund (SPDAF) in Rayagada and Kalahandi with inclusion of public representatives of both the districts in the SPV’s for transforming this region into a prosperous and pragmatic region.
Not only this, Sijimali Bauxite Mine will generate a whopping revenue of Rs 2,200 crores per annum in favour of the public exchequer of Odisha for its entire life span. Such a huge revenue generation will empower the State of Odisha to undertake infrastructural development considering the future needs of the State for the coming fifty years. The State can be enabled to flood welfare schemes for the residents of the region.