Adani Group will invest over Rs. 2 lakh crore in Gujarat, create 1 lakh jobs.

Adani Group

The Adani Group’s chairman, Gautam Adani, stated on Wednesday at the Vibrant Gujarat summit that the Adani Group plans to invest Rs 2 lakh crore ($24 billion) in the green and renewable energy sectors in the state of Gujarat over the course of the next five years.

According to Adani, this investment may generate about 1 lakh direct and indirect jobs in the state.

He went on to say that the business had promised to invest Rs 55,000 crore at the previous summit. According to him, the business has already invested more than Rs 50,000 crore of this.
He also said “We have already surpassed Rs. 50,000 crore across the various sectors I had promised and have vastly exceeded our target of 25,000 direct and indirect jobs,”.

Adani mentioned, the company is presently constructing a 25-square-kilometer, 30 GW-capable green energy park in Kutch that is visible from space.

Also Read: Tata Group to establish a new semiconductor fabrication  plant in the state of Gujarat.

He also added “We are expanding the green supply chain for an Atmanirbhar Bharat and creating the largest integrated renewable energy ecosystem.This includes solar panels, wind turbines, hydrogen electrolysers, green ammonia, PVC, and expansions in copper and cement production,”.
Adani claimed that despite geopolitical and pandemic-related difficulties, India has experienced an unprecedented growth in GDP of 185% and per capita income of 165% since 2014.
After an incredible ride on the wealth rankings last year, Gautam Adani regained his position as Asia’s richest person a few days after the Supreme Court decided that further inquiries into the startling allegations leveled against the tycoon’s group were not necessary.

Adani surpassed his Indian colleague Mukesh Ambani to become the richest person in the region with a $7.7 billion increase in net worth in a single day, reaching $97.6 billion, according to Bloomberg Billionaires Index. The chairman of Reliance Industries Ltd., Ambani, was slightly behind with a net worth of $97 billion, according to the index.

Adani’s ports-to-power conglomerate ends an exciting year with the return of the first-generation businessman, who started his career as a diamond trader in the 1980s. Despite denying Hindenburg’s charges of corporate fraud, the Adani Group saw a loss of more than $150 billion in market value at one point in the prior year. After that, the business not only repaid loans but also spent months courting back investors, lenders, and regulatory bodies.

Also Read: Maruti Suzuki India to invest Rs.35,000 crore to set up its second manufacturing facility in Gujarat.


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