Amid US bribery scandal, Gautam Adani makes BIG move, plans to invest Rs 750000 crore in…

With this massive investment, the Adani Group is redefining Rajasthan's industrial and energy landscape, contributing significantly to India's green energy ambitions and regional development.

Adani Group, led by Gautam Adani, India’s second-richest individual, is set to make an investment of Rs 7.5 lakh crore in Rajasthan, spanning multiple sectors. This announcement, made at the Rising Rajasthan Summit, marks a significant commitment to the state’s economic growth.

Karan Adani, Managing Director of Adani Ports and SEZ and Gautam Adani’s son, revealed that half of this investment will materialize within the next five years. “The Adani Group is planning to invest over Rs 7.5 lakh crore across various sectors,” Karan Adani stated, underscoring the group’s expansive vision.

Adani Group Big Investment Plan

A significant portion of the investment is aimed at establishing the world’s largest integrated green energy ecosystem in Rajasthan. This includes the development of 100 gigawatts of renewable energy capacity, 2 million tonnes of green hydrogen production, and 1.8 gigawatts of hydro projects. “These investments will transform Rajasthan into an oasis of green jobs,” said Karan Adani, emphasizing the job creation and sustainability aspects of the initiative.

“These investments will build Rajasthan into an oasis of green jobs,” Adani added.

Rajasthan is critical for the group’s ambition to become one of the largest cement players in the country.

“We will set up four new cement plants to build an additional capacity of 6 million tonnes per annum in the state,” said Karan Adani.

In addition to these renewable energy projects, Adani Group is also focusing on infrastructure development in Rajasthan. Plans include creating a world-class facility at Jaipur Airport and establishing multi-modal logistics parks to support the state government’s ambitious goal of doubling Rajasthan’s economy within the next five years.

The group’s expansion isn’t limited to Rajasthan. In Andhra Pradesh, Adani Krishnapatnam Port has received government approval to import petroleum via sea from August 28, 2024, to March 1, 2026. This step aligns with the Centre’s aim to strengthen India’s energy infrastructure.

(With Inputs From PTI)