Adani Group Chairman and Founder, Gautam Adani on Friday announced to invest Rupees 65,000 crore over the next 5 to 7 years in Rajasthan and create 40,000 direct and indirect jobs in the state. The Ashok Gehlot-led Rajasthan government has organised the two-day Invest Rajasthan 2022 summit to increase job opportunities in the state which is taking place at Jaipur Exhibition and Convention Centre.
Along with Rajasthan Chief Minister Ashok Gehlot, many industrialists took part in this business summit including Gautam Adani, Laxmi Niwas Mittal of Arcelor Company and others.
Speaking at the Invest Rajasthan summit 2022, Adani made the announcement of Rupees 65,000 crore in investment and 40,000 job opportunities in Rajasthan. The Adani Group has already invested over Rs 35,000 crore across multiple industrial sectors in the state of Rajasthan, he said during his speech.
"Continuing our investment in the renewables business, another 10,000 megawatts, with an investment of Rs 50,000 crore, is under implementation – and this will be commissioned progressively over the next 5 years. In this context – just a week ago – we also achieved commercial operation of the world’s largest wind-solar hybrid power plant – and it is here, in Rajasthan," Gautam Adani said at Invest Rajasthan 2022 Summit.
"While we already have three cement plants and limestone mining assets, a significant part of our capacity expansion will continue to happen in Rajasthan. We anticipate investing another Rs 7,000 crore to double our cement manufacturing capacity in the state," he said.
Combining all ongoing and future investments, we anticipate investing an additional Rs 65,000 crore in Rajasthan over the next 5 to 7 years and creating over 40,000 direct and indirect jobs," Adani Group Chairman and Founder added.
Gautam Adani also thanked Rajasthan Chief Minister Ashok Gehlot for the cooperation of his government in setting up and running various projects in the state.
25 Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO) industrial areas will be launched simultaneously in Rajasthan for the first time.
On the first day of the summit on Friday, these 25 industrial areas being built on 1638 hectares in 16 districts of Rajasthan will be launched.
Under this, 5,648 plots have been prepared for different investors. Till now generally, 5 to 10 RIICO's industrial areas are launched every year but this time 25 of them will be launched at the same time.