Karan Adani, Managing Director of Adani Ports and SEZ Ltd, announced an ambitious ₹7.5 lakh crore investment plan for Rajasthan at the Rising Rajasthan Global Summit on Monday, held at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura.
"The Adani Group plans to invest over ₹7.5 lakh crore across various sectors of Rajasthan’s economy, with over 50% of this investment being made over the next five years," he stated.
Highlighting the group’s vision, Karan Adani outlined plans to create the world’s largest integrated green energy ecosystem in Rajasthan. He said, "We plan to build the world’s biggest integrated green energy ecosystem involving 100 GW of renewable energy, 2 million tonnes of hydrogen, and 1.8 GW of pumped hydro storage. These investments will transform Rajasthan into an oasis of green jobs."
In addition to green energy, the Adani Group aims to expand its footprint in the cement industry, reinforcing Rajasthan's critical role in the group’s strategy to become India’s largest cement producer. "Beyond energy, Rajasthan is vital to our ambition of becoming India’s largest cement company. We will establish four new cement plants, adding a capacity of 6 million tonnes per annum in the state," Karan Adani added.
The group’s investment plans also include infrastructure development. Initiatives such as creating a world-class facility at Jaipur Airport to enhance connectivity and boost tourism are part of the agenda. Additionally, the development of multi-modal logistics parks will support Rajasthan's infrastructure and economic transformation plans.
Adani emphasised, "These projects, including Jaipur Airport and multi-modal logistics parks, align with your transformative vision for Rajasthan."
In his opening remarks, Rajasthan Chief Minister Bhajanlal Sharma highlighted the state’s progress, stating, "So far, ₹33 lakh crore worth of MoUs have been signed under Rising Rajasthan."
The Rising Rajasthan Global Investment Summit 2024, taking place from December 9 to 11 in Jaipur, is set to attract global investors, industry leaders, policymakers, and government officials. The event, attended by Prime Minister Narendra Modi and other dignitaries, will showcase Rajasthan’s achievements in development, innovation, and industrial growth.
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