Adani Group announces Rs 2 lakh crore investments in Gujarat over next five years

Gautam Adani, founder and chairman of Adani Group, announced on Wednesday that he is committing over Rs 2 lakh crore worth of investments in Gujarat over the next five years, including in the development of renewable energy supply chain ecosystems such as hydrogen electrolysers, ammonia, solar, and wind power, among others. 

"We are constructing the largest green energy park in Kutch district, generating 30 GW of renewable energy over 725 sq km, even visible from space," Adani said during his speech at the 10th edition of the Vibrant Gujarat Investment Summit, which kicked off on Wednesday.

Adani added that his company is expanding the green supply chain for an Atmanirbhar Bharat and creating the largest integrated renewable energy ecosystem. It includes solar panels, wind turbines, hydrogen electrolysers, and ammonia, among others. He explained that it would help create 100,000 direct and indirect jobs.

The top executive highlighted that during the previous summit, he announced investments of Rs 55,000 crore by 2025. "We have already surpassed Rs 50,000 crore across the various sectors I had promised.". "And we have vastly exceeded 25,000 direct and indirect jobs," Adani further added. 

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