Will Adani Group Invest Rs 1 Lakh Crore in Andhra Pradesh?
Synopsis
Key Takeaways
- Adani Group to invest Rs 1 lakh crore in Andhra Pradesh.
- Investment spans across ports, cement, data centers, and energy.
- New projects aim to create significant employment opportunities.
- Collaboration with Google for the Vizag Tech Park.
- Previous investment of Rs 40,000 crore already made.
Visakhapatnam, Nov 14 (NationPress) The Adani Group revealed its intention to channel Rs 1,00,000 crore into Andhra Pradesh over the upcoming decade, focusing on sectors such as ports, cement, data centers, energy, and advanced manufacturing.
This investment is in addition to the Rs 40,000 crore already committed by the Adani Group in the region, which spans across ports, logistics, cement, infrastructure, and renewable energy.
During the 'Andhra Pradesh Investor Summit', Karan Adani, Managing Director of Adani Ports and Special Economic Zone Ltd (APSEZ), introduced the Group's ambitious $15-billion Vizag Tech Park project, which aims to establish one of the world's largest green-powered hyperscale data-center ecosystems in collaboration with Google.
The Adani Group's existing ventures in Andhra Pradesh have already facilitated the creation of over one lakh direct and indirect jobs, with further significant employment opportunities anticipated from future initiatives.
Karan Adani praised Chief Minister N. Chandrababu Naidu as “an institution and the original CEO of Andhra Pradesh” and commended Nara Lokesh, the Minister for Human Resources Development, Information Technology, and Electronics, for fostering a culture of speed, efficiency, and startup-like governance.
“We view Andhra Pradesh not merely as a site for investment, but as a springboard for India’s forthcoming decade of transformation. Our flagship project, the Vizag Tech Park, is not just another tech park; it serves as the bedrock of India's digital sovereignty. We are setting up one of the globe's largest hyperscale data-center ecosystems in partnership with Google, powered by green energy,” stated Karan Adani during his speech.
“What truly inspires us is not just the magnitude of our investment but the scale of its impact. Our initiatives here have already produced over one lakh direct and indirect jobs, with even more to follow. This translates to families supported, skills developed, and futures shaped—right here in this remarkable state,” he concluded.