The Adani Group made a landmark announcement at the Rising Rajasthan Global Investment Summit 2024, unveiling a massive Rs 7.5 lakh crore investment proposal for Rajasthan. Karan Adani, son of Gautam Adani and Managing Director of Adani Ports and SEZ, said that the group will infuse half of the total investment of Rs 7.5 lakh crore within the next five years.
“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,” said Karan Adani. “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,” he further said.
“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,” said Karan Adani.
Prime Minister Narendra Modi and Rajasthan Chief Minister Bhajan Lal Sharma led the attendance at the Rising Rajasthan Global Investment Summit, accompanied by other guests.
Adani Group: What Else Karan Adani Said?
Karan praised the leadership of Prime Minister Modi and said, “India stands in the middle of a transformative decade, one unlike any in our history.” “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,” said Karan.
India’s economic growth has been remarkable, with the country investing $6 trillion in its economy from 1947 to 2014, remarked Karan, adding, under Prime Minister Modi’s vision, India has made even more significant strides, mobilizing and investing a staggering $8 trillion in just 10 years.
“The Nifty stood at 8,000 (in 2014). Today, it stands at an astounding 23,000, reflecting the confidence of investors, entrepreneurs, and citizens across our nation and abroad,” said Karan Adani.
“A staggering 23% of our population lived in poverty (in 2014). Today, that number has been cut to 11%, with 250 million people lifted out of poverty,” said Karan.
Karan also praised the Chief Minister of Rajasthan, Bhajan Lal Sharma. He emphasised, “The issuance of 25,000 appointment letters and the ambitious goal of creating 4 lakh jobs for the youth is a testimony to your commitment to empowering future generations.”
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