Adani Group to Channel Rs 7.5 Lakh Crore into Rajasthan for Major Infrastructure Initiatives
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Jaipur, Dec 9 (NationPress) The Adani Group has revealed plans to invest a staggering Rs 7.5 lakh crore in Rajasthan over the upcoming five years to facilitate multiple critical infrastructure projects.
Karan Adani, Managing Director of Adani Ports and Special Economic Zones (APSEZ), mentioned that the establishment of four new cement plants in the state is part of this ambitious plan.
“The Adani Group is committed to investing Rs 7.5 lakh crore across various sectors in Rajasthan. Approximately 50 percent of this amount is set to be deployed within the next five years. Our focus will be on creating a green energy ecosystem. Additionally, top-tier development projects are planned for the Jaipur airport,” said Karan Adani during the 'Rising Rajasthan Investor Summit 2024' held here.
“We aim to construct the world’s largest integrated green energy ecosystem that will encompass 100 GW of renewable energy, 2 million tonnes of hydrogen, and 1.8 GW of pumped hydro storage. Such investments will transform Rajasthan into a hub for green jobs,” he further added.
The Adani Group will also contribute to the advancement of Jaipur's airport, a strategic move anticipated to enhance connectivity and increase the state’s attractiveness as an investment hub.
“Furthermore, additional investments are in the pipeline, including the development of a world-class facility at Jaipur airport, along with a multi-modal logistics park and Integrated Container Depots (ICDs) that will support Rajasthan's transformative initiatives,” Karan Adani noted.
During his speech at the summit, Karan Adani reiterated the group’s long-term dedication to Rajasthan, highlighting the state’s potential for rapid expansion due to its rich cultural heritage, natural resources, and rising investor confidence. He underscored the transformative impact of these investments, which align with the broader national economic vision.
Currently, India stands as the world’s fifth-largest economy, having witnessed remarkable growth over the last decade, with a doubling of GDP and a significant rise in exports. With a growing demand for quality urban infrastructure anticipated in the coming years, India is projected to invest over Rs 143 lakh crore in infrastructure by 2030. The rapid development of infrastructure, spearheaded by nodal authorities, is propelling the growth of satellite towns across the nation, according to the latest report from Colliers.
