Adani Group Unveils Ambitious Rs 7.5 Lakh Crore Investment Plan for Rajasthan

At the Rising Rajasthan Global Summit 2024, held at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura, Karan Adani, Managing Director of Adani Ports and SEZ Ltd, announced a groundbreaking Rs 7.5 lakh crore investment plan for Rajasthan. Speaking at the summit on Monday, Adani shared the group’s ambitious vision to drive the state’s economic and industrial transformation.

Karan Adani emphasized that over half of this massive investment will be implemented within the next five years, primarily focusing on creating the world’s largest integrated green energy ecosystem in Rajasthan. “We plan to build the world’s biggest integrated green energy ecosystem, involving 100 GW of renewable energy, 2 million tons of hydrogen production, and 1.8 GW of pump hydro storage. These investments will turn Rajasthan into an oasis of green jobs,” he stated, underscoring the transformative potential of the green energy sector.

Diversification Beyond Energy

Apart from green energy, the Adani Group aims to cement Rajasthan’s role in their ambition to become India’s largest cement producer. “Beyond energy, Rajasthan is critical to our ambition to become India’s largest cement company. We will set up four new cement plants, adding a production capacity of 6 million tonnes per annum,” Adani revealed. These initiatives will not only bolster Rajasthan’s cement industry but also create significant employment opportunities across the state.

Infrastructure Development

Adani also outlined plans to enhance Rajasthan’s infrastructure, including the development of Jaipur Airport into a world-class facility. This upgrade is expected to improve connectivity and promote tourism in the state. Furthermore, the creation of multi-modal logistics parks will complement Rajasthan’s infrastructure ambitions, supporting economic growth and easing the movement of goods across the region.

“In addition, there are other investment plans, such as developing a world-class facility at Jaipur Airport and multi-modal logistics parks that will support Rajasthan’s transformative economic plan,” Karan Adani remarked.

Rising Rajasthan Summit 2024

Rajasthan Chief Minister Bhajanlal Sharma opened the summit by announcing that Rs 33 lakh crore worth of Memorandums of Understanding (MoUs) had already been signed under the Rising Rajasthan initiative. The summit, running from December 9 to 11, is expected to attract global investors, policymakers, and industry leaders.

Graced by Prime Minister Narendra Modi and other dignitaries, the event highlights Rajasthan’s progress in development, innovation, and industrial growth, solidifying its position as a hub for global investments.