Ahmedabad-based Indian multinational conglomerate Adani Group is set to make a massive investment of over Rs 7.5 trillion ($88.53 billion) in Rajasthan. As per reports, the group is concentrating on sectors like renewable energy and cement.
About the project
The group would build the world’s biggest integrated green energy ecosystem involving 100 GW of Renewable Energy. Karan Adani, the managing director of Adani Ports, shared the news during an investment summit held in the state.
Furthermore, the conglomerate plans to allocate over 50 percent of the total investment within the next five years, indicating its intent to expedite economic development in the region.
One of the key initiatives includes establishing four new cement plants to enhance production capacity by 6 million tonnes per annum, a move that will undoubtedly contribute to the state's infrastructure growth.
In addition to its cement expansion, Karan Adani announced the group's plan to create the world's largest integrated green energy ecosystem, which will involve generating a staggering 100 gigawatts (GW) of renewable energy. This ambitious project focuses on clean energy and sustainability, aligning with global trends towards environmental conservation.
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Despite recent allegations including accusations of bribery and misinformation, this is a significant drive from the Adani group for progress and prosperity in the state.
Notably, the conglomerate already committed to invest $100 billion in the renewables sector, seen as a core area for its $160 billion valuation.
As part of this project, the group's clean energy arm Adani Green is designing an energy park in Gujarat with a production capacity of 50 GW by 2030.
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