Jaipur (09.12.2024): The Adani Group has announced its plans to invest over Rs 7.5 lakh crore across various sectors of the state economy with over 50 per cent of these investments being made over the next five years. Managing Director of Adani Ports and SEZ Ltd Karan Adani outlined these investment plans at Rising Rajasthan Global Investment Summit 2024 in the presence of Prime Minister Narendra Modi, Rajasthan Chief Minister Bhajan Lal Sharma and Industry honchos.
While speaking on the occasion, Karan Adani said, “We plan to build here the world’s biggest integrated green energy ecosystem involving 100 GW of renewable energy, 2 million tonnes of hydrogen and 1.8 GW of pumped hydro storage. These investments will turn Rajasthan into an oasis of green jobs.”
Adani said, “Beyond energy, Rajasthan is critical to our ambition to become India’s largest cement company. We will set up 4 new cement plants to build additional capacity of 6 million tonnes per annum in the state. In addition, there are other investments planned such as developing a world class facility at Jaipur airport, multi-modal logistics park and ICDs that will support your transformative plans for Rajasthan.”
He further said, “Let me reaffirm the Adani Group’s commitment to Rajasthan. We look forward to working with you to help shape a future that not only honours Rajasthan’s legacy but also sets new benchmarks for your state's timeless legacy and boundless potential. It is a privilege to be here at the Rising Rajasthan Summit 2024.”
Praising Prime Minister Narendra Modi for growth-oriented politics with respect to cultural values, Karan Adani said, “In our search for growth, it is essential to remember that progress without respect for our cultural roots is fleeting. But progress that honours our rich tradition is transformative. And no one has ever better balanced these two aspects than our Prime Minister Narendra Bhai Modi. India stands in the middle of a transformative decade, one unlike any in our history. And the world acknowledges that you have been the force behind this extraordinary change.”
The power of this transformation is not just in sentiment; it is evident in the numbers, the vision, and the outcomes. “India had a GDP of $1.85 trillion built over 66 years of independence. In the past decade under your leadership, that number has more than doubled. When you assumed leadership in 2014: India had invested $6 trillion in its economy - over its entire history since our freedom in 1947. In just 10 years, under your vision, India has already mobilized and invested $8 trillion. The Nifty stood at 8,000. Today, it stands at an astounding 23,000, reflecting the confidence of investors, entrepreneurs, and citizens across our nation and abroad,” he added.
