We will Invest Rs 49,000 Cr in Gujarat in Next 5 Years: Gautam Adani

Speaking at Gujrat's Vibrant Global Summit 2017, Chairman of Adani Group, Mr Gautam Adani announced that his group will invest Rs 490 billion in Gujrat over the next five years.

Gandhi Nagar: Addressing a host of foreign leaders including Presidents, Prime Ministers and Foreign Ministers of several countries, in the Vibrant Global Summit 2017, at Gujarat’s Gandhi Nagar, Adani Group Chairman Gautam Adani today stated that the group will invest Rs 490 billion in Gujarat over the next five years. Gautam Adani asserted that while Adani wilmar will be doubling its manufacturing capacity in the state, Adani port will invest Rs 167 billion to expand ports in Gujarat.

Speaking at the Vibrant Gujarat Global Summit at Gandhi Nagar, the Adani Group chairman further stated that the group’s investment in solar and wind will exceed Rs 23,000 crore by 2021. The Adani Group will also be building a 10 million tonne cement plant in the state. Adani had also declared its plan to invest Rs 1,200 crore in edible oil business and Rs 7,500 crore in water and cement business of the state.

Gautam Adani even lauded the eighth edition of the summit which was inaugurated by Prime Minister Narendra Modi. In a post shared on Twitter, Adani said, “#VibrantGujarat marks the greatest growth phase. Visionary leaders and ease of doing business makes it an ideal destination for investments.”