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NRIPage | Articles | Adani Group to Invest Rs 7.5 Lakh Crore in Rajasthan's Growth and Green Energy | Get Travel & Vacation guide. Plan Your Perfect Travel & Vacation Adventures - NRI Page
In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world’s largest 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 are expected to create numerous green jobs, transforming Rajasthan into a key player in the global energy sector.
Additionally, the Adani Group will contribute to the development of Jaipur's airport, improving connectivity and solidifying Rajasthan’s position as an attractive investment destination. Other planned investments include a world-class facility at Jaipur airport, a multi-modal logistics park, and inland container depots (ICDs) to support the state's growth and transformation.
During the summit, Karan Adani emphasized the group’s long-term commitment to Rajasthan, noting that the state's rich heritage, natural resources, and rising investor confidence set the stage for rapid economic growth.
Prime Minister Narendra Modi, who attended the event as the chief guest, reiterated the government's commitment to reform and economic growth, highlighting India's growing global stature. He praised the nation's impressive economic progress, particularly its technological advancements and digital transformation, which are positively impacting states like Rajasthan.
The summit gathered over 5,000 global delegates, including top industrialists, and showcased Rajasthan's pivotal role in India's economic future. Rajasthan Chief Minister Bhajanlal Sharma also announced a target to double the state's economy to $350 billion in the next five years.
