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Adani Group to invest Rs 3500 cr in MP in defence & cement

By IndianMandarins- 29 Aug 2024
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Bhopal (29.08.2024): The Adani Group plans to set up a 2 MTPA cement grinding unit in Guna and develop a state-of-the-art propellant production facility at Shivpuri. This unit in Shivpuri is strategically aligned with the Aatmanirbharta mission of transforming India from a defence importer to a defence exporter. These two projects would result in an investment of Rs 3500 crore and create over 3500 direct and indirect jobs. He announced these projects in the presence of Madhya Pradesh Chief Minister Mohan Yadav, Union Minister for Communications and Development of North East Region Jyotiraditya Scindia and Member of the Madhya Pradesh Legislative Assembly and Former Union Minister Narendra Singh Tomar.
Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. All these are making Gwalior one of India’s emerging economic centres, attracting investments across sectors. The Adani Defence facility at Gwalior is the country’s largest small arms plant and has positioned Madhya Pradesh as a global hub for small arms manufacturing. Speaking at the 2024 Regional Industrial Conclave in Gwalior, Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said, “We are witnessing a remarkable period of progress in India – an era of amazing growth. Under the visionary leadership of our Prime Minister Narendra Modi ji, and ably aided by leaders such as Jyotiraditya Scindia ji, India is undergoing a remarkable transformation. As the Civil Aviation Minister, Scindia ji played a vital role in transforming India’s aviation landscape.”  
“I am proud to say that the Adani Group is deeply committed to this great development vision at both the national level and the state level. In Madhya Pradesh, we have already invested about Rs 18,250 crore and created 12,000 jobs across sectors such as cement, defence, road, thermal power, renewables power and transmission,” said Karan Adani.
“Through the Adani foundation, we have impacted 80,000 households and touched 3 lakh lives across Madhya Pradesh through our healthcare, education, sustainable livelihoods and women empowerment initiatives. I am proud to announce, that the Adani foundation will set up a jacket production center in Badarwas, which will be run 100 per cent by women as a part of our women empowerment initiative,” he said.

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