Karan Adani, the Managing Director of Adani Ports and SEZ Ltd, revealed an ambitious ₹7.5 lakh crore investment plan for the state of Rajasthan at the Rising Rajasthan Global Summit held at the Jaipur Exhibition and Convention Centre (JECC) on Monday. The investment aims to bolster various sectors of the state’s economy, with more than 50% of the total funds earmarked for projects to be completed within the next five years.
In his address, Karan Adani outlined the group’s vision to transform Rajasthan into a hub for green energy. He emphasized that the Adani Group plans to build the world’s largest integrated green energy ecosystem in the state, which will include 100 gigawatts (GW) of renewable energy, 2 million tons of hydrogen production, and 1.8 GW of pumped hydro-storage capacity. This massive investment in green energy will not only reduce the state’s carbon footprint but also create numerous green jobs, turning Rajasthan into a model for sustainable energy development.
Apart from its focus on renewable energy, the Adani Group is also making significant strides in the cement industry. Karan Adani announced that the group aims to become India’s largest cement producer, with Rajasthan playing a pivotal role in this ambition. The group plans to set up four new cement plants in the state, adding a total production capacity of 6 million tonnes per annum.
In addition to these efforts, the Adani Group is keen to improve Rajasthan’s infrastructure. The company plans to develop a world-class facility at Jaipur Airport to improve connectivity and promote tourism. The group also intends to establish multi-modal logistics parks, which will enhance Rajasthan’s transportation infrastructure and support the state’s overall economic and industrial growth.
During the summit, Rajasthan Chief Minister Bhajanlal Sharma highlighted the state’s progress and investments. He mentioned that Rajasthan has already signed Memorandums of Understanding (MoUs) worth ₹33 lakh crore under the Rising Rajasthan initiative, further positioning the state as a leading investment destination in India.
The Rising Rajasthan Global Investment Summit 2024, which runs from December 9 to 11, is expected to attract global investors, industry leaders, policymakers, and government officials. The summit, attended by dignitaries including Prime Minister Narendra Modi, underscores Rajasthan’s commitment to development, industrial growth, and innovation in various sectors.
With the Adani Group’s substantial investment and the summit’s success, Rajasthan is poised to become a key player in India’s economic transformation, with an emphasis on sustainable energy, industrial growth, and infrastructure development.
Sources By Agencies