Adani Group Will Invest Rs. Lakh Crore In Gujrat In Next 5 Years
The ports-to-power conglomerate Adani Group is set to invest Rs 2 lakh crore in Gujarat in the next 5 years, creating over 1,00,000 direct and indirect jobs, chairman of the company Gautam Adani said on Wednesday while addressing the Vibrant Gujarat Global Summit 2024.
Adani said: “Over the next five years, the Adani group will invest over Rs 2 lakh crore in Gujarat.” He also gave a breakdown of the investments made by the conglomerate in the western state so far.
“At the previous summit, I announced our investment of over Rs 55,000 crore by 2025. We have already surpassed Rs 50,000 crore across the various sectors I had promised and have vastly exceeded our target of 25,000 direct and indirect jobs.”
Adani Group is expanding green supply chains, including solar panels, green ammonia, hydrogen electrolysers and wind turbines, including the world”s largest green energy plant in the Khavda district of Gujarat”s Kachchh, spanning over 725 sq. km with a capacity of 30 GW of renewable energy. The move is to bolster the union government”s green initiative, according to Adani.
“At the previous summit, I announced our investment of over Rs 55,000 crore by 2025. We have already surpassed Rs 50,000 crore across the various sectors I had promised and have vastly exceeded our target of 25,000 direct and indirect jobs.”
Adani also hailed Prime Minister Modi for his “unparalleled achievements, despite the geopolitical conflicts and the coronavirus pandemic that marked this decade. “Your leadership at the G20 platform set a benchmark for a more inclusive world order. Adding the Global South to the G20 is a defining moment in modern history,” Gautam Adani said.
The tenth iteration of the Vibrant Gujarat Global Summit is currently underway in Gujarat with the theme “Gateway to the Future,” as it has been witnessing a global forum for business collaboration, knowledge sharing, and strategic partnerships aimed at inclusive growth and sustainable development.
