Gautam Adani, Adani Group Chairman,
The highest investment commitment of Rs 49,000 crore in Gujarat was made by Gautam Adani, Chairman of Adani Group on the first day of the eighth edition of Vibrant Gujarat Global Summit.
Investments to be made
Adani said that in the past 5 years, they have invested Rs 48,000 crore in Gujarat and will also be creating direct as well as indirect job opportunities for over 25,000 people.
While addressing the 8th edition of Vibrant Gujarat Global Summit; Adani said that an investment of Rs 7,500 crore will be made by his team in two new businesses – water and cement. He also said that investment of Rs 5,500 crore will be used by his group to set up a 10 million tonnes cement clinker plant while the rest Rs 2000 crore will be used for a destination plant in Gujarat.
Mr. Adani also said that in the next five years India’s largest private port and logistics company, Adani Ports will be investing Rs 16,700 crore in order to expand the capacity of all its Gujarat ports at Mundra, Dahej, Hazira, and Ajira and Tuna. The group is also planning to hasten the investment in renewable space in Gujarat, in this matter he said “In the year 2021, our new investments in solar as well as wind development will exceed Rs 23,000 crore,”
Other this Adani group also planning infrastructure business additions for expanding its agri footprint. He said, “Adani Wilmar is India’s largest edible oil business and recognized as an undisputed market leader that sells under brand name Fortune”. The group is also expanding its edible oil manufacturing capacity at Mundra and Ajira by investing Rs 12,000 crore.