Adani Group Unveils ₹7.5 Lakh Crore Investment Plan for Rajasthan at Rising Rajasthan Summit

Jaipur: The Adani Group announced a massive ₹7.5 lakh crore investment plan for Rajasthan, focusing on green energy, cement production, and infrastructure development, during the Rising Rajasthan Global Investment Summit 2024 held at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura.

Karan Adani, Managing Director of Adani Ports and SEZ Ltd, revealed that over 50% of the proposed investment will be deployed in the next five years. Highlighting Rajasthan's pivotal role, he said, "We plan to build the world's largest integrated green energy ecosystem in Rajasthan, including 100 GW of renewable energy, 2 million tons of hydrogen production, and 1.8 GW of pump hydrostorage. These investments will transform Rajasthan into a hub for green jobs."

The group also aims to bolster its position as India's largest cement producer by setting up four new cement plants in Rajasthan, adding a capacity of 6 million tonnes per annum. "Rajasthan is critical to our ambition in the cement sector," Mr. Adani noted.

Infrastructure development is another key focus, with plans to enhance Jaipur Airport into a world-class facility to improve connectivity and tourism. Additionally, multi-modal logistics parks are set to support Rajasthan’s economic transformation.

The summit, inaugurated by Rajasthan Chief Minister Bhajanlal Sharma, saw a significant boost with the signing of ₹33 lakh crore in Memorandums of Understanding (MoUs) so far. The event, scheduled from December 9 to 11, has drawn global investors, policymakers, and industry leaders.

The occasion was graced by Prime Minister Narendra Modi and other dignitaries, showcasing Rajasthan's progress in development, innovation, and industrial growth.