Adani Group Announces Rs 7.5 Lakh Crore Investment Plan For Rajasthan

"Adani Group plans to invest over Rs 7.5 lakh crore across various sectors of the state economy," said Karan Adani.

In addition to these projects, the Adani Group plans to establish a world-class facility at Jaipur Airport

Source : Adani Group

Karan Adani, managing director of Adani Ports and Special Economic Zone, said the Adani Group plans to invest more than Rs. 7.5 lakh crore across various sectors of the state's economy, with over 50 per cent of this investment set to be made in the next five years. He was speaking at the Rising Rajasthan Global Investment Summit 2024 in Jaipur on Monday.

"Adani Group plans to invest over Rs 7.5 lakh crore across various sectors of the state economy," he said.

He stated that the company aims to create the world's largest integrated green energy ecosystem, which will include 100 gigawatts of renewable energy, 2 million tonnes of hydrogen, and 1.8 gigawatts of pumped hydro storage. "These investments will build Rajasthan into an oasis of green jobs," Adani added.

Rajasthan plays a crucial role in 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," Adani said at the event.

In addition to these projects, the Adani Group plans to establish a world-class facility at Jaipur Airport, along with multi-modal logistics parks, among other initiatives, to support the Rajasthan government's goal of doubling the state's economy over the next five years.

Karan Adani also praised Prime Minister Narendra Modi while speaking at the event. He said, “India stands in the middle of a transformative decade, one unlike any in our history. And the world acknowledges that PM Modi has been the force behind this extraordinary change. The power of this transformation is not just in sentiment; it is evident in the numbers, the vision, and the outcomes.”

He added, “India had a GDP of $1.85 trillion built over 66 years of independence. In the past decade under your leadership, that number has more than doubled.”