Adani Group Major Invest for Gujarat
Vibrant Gujarat Global Summit updates: Gautam Adani announced an investment of over ₹2 lakh crore in Gujarat. The investment will create 1 lakh jobs.
Multi-billionaire Gautam Adani on Wednesday announced an investment of over ₹2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space. Addressing the 10 edition of the Vibrant Gujarat Global Summit in Gandhinagar, the Adani Group head said the investment will create 1 lakh jobs.
“Of the ₹55,000 crore committed at the last summit, Adani Group has already spent ₹50,000 crore,” Adani said.
Adani said the apples-to-airport group is now building a green energy park in Kutch with a 30 gigawatt capacity spread over 25 square kilometres which would also be visible from space.
“Since 2014, India has achieved a 185 per cent growth in GDP and 165 per cent growth in per capita income which is unparalleled given the geopolitical and pandemic-related challenges,” Adani further said at the summit in the presence of Prime Minister Narendra Modi and other industrialists including Muskesh Ambani of the Reliance Industries.
Reliance to set up carbon fibre facility in Gujarat
Speaking on the occasion, Mukesh Ambani said his company Reliance Industries will set up India’s first and world-class carbon fibre facility in Hazira. Ambani added that Reliance was, is, and will always remain a Gujarati company.
“Reliance has invested over USD 150 billion (12 lakh crore) in creating world-class assets and capacities across India in last just 10 years. Of this, more than one third has been invested in Gujarat alone,” Chairman and Managing Director of Reliance Industries said.
The Reliance head said the company will contribute to making Gujarat a global leader in green growth. “We will help Gujarat’s target to meet half of its energy needs through renewables by 2030,” he said.
Ambani said Reliance has started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. This will generate a large number of green jobs and enable the production of green products and materials that will make the state the leading exporter of such goods and the company is ready to roll this out in the second half of 2024 itself, he said.
“I am a proud Gujarati. When foreigners think of new India, they think of a new Gujarat. How did this transformation happen? Because of one leader – our beloved leader who has emerged as the greatest global leader of our times and he is Shri Narendrabhai Modi – the most successful Prime Minister in India’s history,” said Mukesh Ambani.
In a groundbreaking development, the Adani Group, led by business tycoon Gautam Adani, has unveiled plans for a significant investment in Gujarat that holds such prominence it could be discernible from space. The visionary announcement underscores the scale and magnitude of the venture, propelling Gujarat into a pivotal role on the global economic stage.
Adani Group’s commitment to investing in Gujarat reflects a strategic alignment with the state’s economic potential and growth trajectory. The details of the investment plan encompass various sectors, spanning infrastructure, energy, logistics, and more. The infusion of capital into these key areas is poised to stimulate economic development, create job opportunities, and bolster Gujarat’s standing as an industrial and commercial powerhouse.
The visionary aspect of the announcement, suggesting visibility from space, symbolizes the transformative impact Adani’s investments aim to achieve. It signifies not only the physical footprint of the projects but also the far-reaching implications for the state’s economic landscape.
The move aligns with Adani’s track record of spearheading transformative projects with a global outlook. The group’s commitment to sustainability and innovation, coupled with a strategic focus on sectors vital for future growth, positions this investment as a milestone that extends beyond traditional economic paradigms.
Gautam Adani, known for his strategic foresight, has consistently emphasized the importance of Gujarat in the Adani Group’s growth journey. The state’s proactive policies, conducive business environment, and strategic geographical location make it a prime destination for such substantial investments.
As the details of the investment unfold, it is expected to catalyze a ripple effect, attracting further interest and investment into Gujarat. The visionary nature of the announcement not only underscores the Adani Group’s confidence in the state but also sets a precedent for transformative and ambitious projects in the Indian business landscape.
Witness the dawn of a new era in Gujarat as the Adani Group unveils a transformative investment plan that promises to reshape the state’s economic landscape. From cutting-edge infrastructure to sustainable energy initiatives, this strategic move aims to position Gujarat at the forefront of global economic prowess. Gautam Adani’s visionary approach, coupled with a commitment to innovation and sustainability, sets the stage for unprecedented growth and development. Stay tuned as this significant investment unfolds, heralding a promising future for Gujarat and garnering attention on a global scale
