Adani's big move: Gautam Adani unveils Rs 2 trillion investment plan for Gujarat

10 Jan 2024

Adani's big move: Gautam Adani unveils Rs 2 trillion investment plan for Gujarat
1

Indian billionaire entrepreneur Gautam Adani revealed plans for a substantial investment exceeding Rs 2 trillion in Gujarat during his address at the Vibrant Gujarat Global Summit. The primary focus of this investment will be the development of a massive green energy park, designed to make a significant impact even when viewed from space.

Adani emphasized that this substantial financial commitment is expected to generate a remarkable 100,000 employment opportunities in the region. Providing insights into the progress of previous pledges, he disclosed that out of the Rs 55,000 crore committed at the last summit, the Adani Group has already disbursed Rs 50,000 crore.

The renowned conglomerate, known for its diverse interests ranging from apples to airports, is currently engaged in the construction of a green energy park in Kutch, Gujarat. Spanning an impressive 25 square kilometers with a colossal 30 GW capacity, this ambitious project is poised to become a landmark visible from outer space.

Gautam Adani, acknowledging the challenges posed by geopolitical shifts and the global pandemic, expressed confidence in India’s economic resilience. He highlighted the nation’s extraordinary achievements since 2014, citing a remarkable 185 percent growth in GDP and an unparalleled 165 percent surge in per capita income. Adani’s investment announcement aligns with the nation’s drive towards sustainable and green initiatives, further solidifying Gujarat’s position as a hub for substantial economic growth.

Latest articles

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

Toyota set for third straight quarterly profit drop as costs and tariffs weigh

Toyota set for third straight quarterly profit drop as costs and tariffs weigh

Foxconn Q1 Outlook Soars as AI Server Demand and Smart Electronics Beat Expectations

Foxconn Q1 Outlook Soars as AI Server Demand and Smart Electronics Beat Expectations

Novo Nordisk posts first Ozempic sales decline in greater China as competition intensifies

Novo Nordisk posts first Ozempic sales decline in greater China as competition intensifies

Air India Express set for first operating profit under Tata, internal memo indicates

Air India Express set for first operating profit under Tata, internal memo indicates

Toyota eyes 30% jump in hybrid output by 2028 as electrification strategy evolves

Toyota eyes 30% jump in hybrid output by 2028 as electrification strategy evolves

MediaTek warns AI boom is straining chip supply chains, signals price adjustments

MediaTek warns AI boom is straining chip supply chains, signals price adjustments

Ford and Geely Explore Manufacturing and Technology Partnership Amid Rising Auto Costs

Ford and Geely Explore Manufacturing and Technology Partnership Amid Rising Auto Costs

KKR and Singtel to acquire full control of STT GDC in S$6.6 billion AI-driven data centre deal

KKR and Singtel to acquire full control of STT GDC in S$6.6 billion AI-driven data centre deal
View details about the software product Informachine News Trackers