Adani Group Unveils $66 Billion Maharashtra Investment Roadmap at Davos

The Adani Group on Wednesday announced a ₹6 lakh crore ($66 billion) investment roadmap for Maharashtra, as India’s richest states court private capital for infrastructure, clean energy and technology-led industrial growth during the World Economic Forum (WEF) Annual Meeting 2026 in Davos.

The proposed investment plan — structured as a multi-year roadmap running through 2026–2035 — was presented as part of Maharashtra’s industry outreach at Davos, where the state government is holding investor meetings and signing MoUs.

According to the group, the roadmap reflects a shift toward building interconnected, technology-enabled infrastructure platforms rather than isolated standalone assets.

Projects linked to Navi Mumbai airport and urban transformation

A major pillar of the roadmap is anchored around the Navi Mumbai International Airport (NMIA), which officially began operations on December 25, 2025, expanding Mumbai’s aviation network.

Adani said it plans to build a large commercial and hospitality-led development near NMIA — described as an “arena district” — aimed at creating an integrated aviation-linked ecosystem across logistics, events, retail and tourism.

The proposed Maharashtra investments also include acceleration of the Dharavi redevelopment project, one of India’s most complex urban transformation programmes, which is expected to reshape one of Mumbai’s most densely populated areas into a planned mixed-use district.

Energy transition: pumped hydro and proposed nuclear initiative

On the clean energy front, the group said it plans to develop an 8,700 MW pumped-storage hydropower portfolio, positioning it as a large-scale energy storage backbone for renewable energy integration.

Pumped-storage projects are widely seen as crucial infrastructure for stabilising power supply in grids with growing solar and wind capacity, effectively acting as “giant batteries” to support 24/7 power needs.

Adani also said it is exploring a proposed nuclear energy initiative, subject to regulatory frameworks and India’s evolving policy environment for private sector participation.

Green data centers and advanced manufacturing push

In digital infrastructure, the roadmap includes expansion of green energy-powered data center parks to a combined 3,000 MW capacity, which would support high-growth computing needs including AI workloads and enterprise cloud services.

The group also proposed a push into advanced manufacturing with plans for semiconductor and display fabrication units, aligning with India’s broader goal of boosting domestic electronics manufacturing and reducing import reliance.

Maharashtra government pitches jobs and growth at Davos

Maharashtra Chief Minister Devendra Fadnavis, who is leading the state’s delegation at Davos, welcomed the Adani announcement and said investment commitments are critical for job creation and industrial growth in the state.

The state government said multiple MoUs were signed at the Maharashtra pavilion during WEF-related meetings.

FAQs

Q1: Is the Navi Mumbai Airport already operational?

Yes. Navi Mumbai International Airport began operations on December 25, 2025, and the Adani roadmap includes further ecosystem development linked to the airport.

Q2: What is the “Arena District”?

Adani has described it as a planned commercial ecosystem around NMIA, expected to include venues, hospitality and retail, aimed at positioning the Navi Mumbai airport region as a major destination.

Q3: Why is the 8,700 MW pumped-storage portfolio important?

Pumped-storage hydropower helps store renewable energy and smoothen supply, making it a key infrastructure layer for round-the-clock power reliability.

Q4: What is the investment value in rupees and timeline?

The roadmap totals ₹6 lakh crore, proposed over a 10-year period (2026–2035).