Adani group to invest ₹2 lakh crore in Gujarat; aims to create 1 lakh jobs

Adani Group will be investing over ₹2 lakh crore in Gujarat, thereby creating one lakh direct and indirect jobs in the state, founder Gautam Adani said on Wednesday. Adani was speaking at the sidelines of Vibrant Gujarat Summit which kick-started on January 10.

“Over the next five years, the Adani group will invest over ₹2 lakh crore in Gujarat that is $25 billion- thereby creating over 100,000 direct and indirect jobs,” says Adani.

As part of investment, Adani says that the company will be constructing a green energy park situated in the Kutch district of Khavda spanning over 725 square kms. Claiming it to be the world’s largest green energy park, Adani says that the project aims to generate 30 GW (giga-watt) of renewable energy.

According to Adani, the group also plans to expand the green supply chain for an Aatmanirbhar Bharat, aiming to create the largest integrated renewable energy ecosystems. This initiative encompasses a diverse range of components, including solar panels, wind turbines, hydrogen electrolysers, green ammonia and PVC. Moreover, the group has plans to expand into copper and cement projects too.

By incorporating these elements into a comprehensive green supply chain, the Adani Group aspires to contribute significantly to an Aatmanirbhar Bharat.

“Out of the substantial commitment of ₹55,000 crore made at the last summit, the Adani Group has already deployed ₹50,000 crore,” he adds.

Notably over the past few months, the conglomerate has been expanding its footprint in renewable energy via various investments and projects.

On December 13, 2023, the Adani Group pledged to invest $100 billion in the green energy transition within the next ten years. According to a statement from the conglomerate, the five companies under its umbrella—Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements—have collectively set a goal to attain net-zero emissions by the year 2050.

Prior to this, on December 18 last year, Ambuja Cements, a wholly-owned subsidiary of Adani Group said that it intends to establish a 600 MW solar power project and a 150 MW wind power project in Gujarat, along with a separate 250 MW solar power project in Rajasthan. The company outlined its target to accomplish this expansion by the fiscal year 2026, with 200 MW expected to be operational by March 2024, supplementing the existing 84 MW capacity of solar and wind power.