Rising Rajasthan Global Investment Summit: Adani Group announces ₹7.5 lakh crore investment – CNBC TV18



At the Rising Rajasthan Global Investment Summit 2024, the Adani Group unveiled a plan to invest ₹7.5 lakh crore in various sectors in the state. Over 50% of this investment will pour into the state over the next five years, Karan Adani, CEO of Adani Ports and SEZ, said.

“We plan to build the world’s biggest integrated green energy ecosystem involving 100 gigawatts of renewable energy, 2 million tonnes of hydrogen and 1.8 gigawatts of pump hydro storage. These investments will turn Rajasthan into an oasis of green jobs,” the Adani Ports CEO announced. He highlighted the conglomerate’s plan to build the world’s largest green energy ecosystem in Rajasthan.

“Rajasthan is critical in Adani group’s plan to lead the cement sector,” Adani added. He announced that the group plans to set up four additional cement plants in the state, with a combined annual production capacity of 6 million tonnes per annum (MTPA).

Also Read: Rising Rajasthan Global Investment Summit: Kumar Mangalam Birla announces ₹50,000 crore investment

The Adani Group, which is responsible for managing, operating and developing the Jaipur International Airport, aims to improve the infrastructure to boost connectivity and tourism. “In addition, there are other investment plans, such as developing a world-class facility at Jaipur airport and multi-modal logistic parks that will support your transformative plan for Rajasthan,” Adani said.

Adani highlighted India’s growth trajectory: “India is in the middle of a transformative journey.” He pointed to the country’s financial progress as a reflection of this transformation, stating, “The power of India’s transformation is evident in numbers and outcomes.” He referred to the rise of the Nifty index, from 8,000 in 2014 to 24,000 in 2024, as a testament to the growing confidence in India’s economy.

Also Read: Rajasthan Investment Summit: Anand Mahindra shares plans to double Club Mahindra resorts and add jobs


Leave a Reply

STOP LOOSING your hard earned money
Subscribe now to get free demo ID of our software.
Learn Best Intraday Trading Tricks Now !!
    Get Free Demo ID Now
    I agree with the term and condition
    Verified by MonsterInsights