Adani to Invest Rs 55k Cr in Gujarat including Solar Projects

Further, this will lead to creation of over 50,000 new direct and indirect jobs in the state.

Billionaire Gautam Adani has announced over Rs 55,000 crore investment in next five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.

Speaking at the 9th Vibrant Gujarat Summit, Adani said his group’s investments in Gujarat in the past five years exceed Rs 50,000 crore and “we are further accelerating our investments.”

“Over the next 5 years, our investments will include the world’s largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore. We also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. Overall, we anticipate a total of Rs 55,000 crore of investment in all these projects,” he said.

Further, this will lead to creation of over 50,000 new direct and indirect jobs in the state.

Adani praised Prime Minister Narendra Modi’s vision saying he has “fundamentally restored confidence across the world that India will be the key engine for global economic growth.”

“Your (Modi’s) ability to stabilise the economic fundamentals with low inflation rates, strict management of fiscal deficits, introduction of the largest tax reform since independence, establishing the bankruptcy code, and strong relationships with key nations across the world has cemented India’s place as one of the best nations to invest in,” he said.

Source: PTI