Gautam Adani, the billionaire chairman of the Adani Group, announced a colossal investment of Rs 2 lakh crore in Gujarat over the next five years. This declaration, made at the Vibrant Gujarat Global Summit 2024, underscores the conglomerate’s commitment to the state’s economic development. This investment is poised to create over 100,000 direct and indirect jobs, marking a significant milestone in Gujarat’s growth story.
Surpassing Previous Commitments
Reflecting on past achievements, Adani highlighted that the group has already exceeded its previous investment target of Rs 55,000 crore by 2025, along with surpassing the job creation goal. This track record of exceeding targets sets a promising precedent for the group’s latest investment plans in Gujarat.
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Embracing Green Energy for Aatmanirbhar Bharat
In line with India’s vision of Aatmanirbhar Bharat (Self-Reliant India), Adani emphasized the group’s focus on expanding green supply chains. This includes the development of solar panels, green ammonia, hydrogen electrolysers, and wind turbines. These initiatives are integral to creating a robust, integrated renewable energy ecosystem in India.
Constructing the World’s Largest Green Energy Plant
A highlight of Adani’s announcement was the construction of the world’s largest green energy plant in Khavda, Kachchh district of Gujarat. Covering an area of 725 sq. km, this plant will boast a capacity of 30 GW, significantly bolstering India’s renewable energy capabilities.
Praise for the Gujarat Summit and PM Modi’s Vision
Adani lauded the Gujarat Summit as a successful venture, attributing its success to Prime Minister Narendra Modi’s vision of combining grand ambition with meticulous governance. He also commended the significant growth in India’s GDP and per capita income since 2014, despite challenges like geopolitical conflicts and the coronavirus pandemic.
G20 Leadership and Inclusivity
The Adani Group chairman hailed PM Modi’s leadership in adding the Global South to the G20 group during India’s presidency, marking a defining moment in modern history. This move is seen as a step towards a more inclusive world order.
The Vibrant Gujarat Global Summit, themed “Gateway to Future,” serves as a global platform for business collaboration and strategic partnerships. Adani Group’s massive investment in Gujarat, aligned with the summit’s goals, is set to catalyze the state’s journey towards sustainable development and economic prosperity.
