Adani Group signed an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including the development of a greenfield Port at Bhavanapadu, in next five years.
Gautam Adani Chairman of Adani Group said that the company would also be investing in a multi-modal logistics park. Talking about the port, he said, "As the country's largest port operator, it is my promise to make Bhavanapadu as one of the largest and sophisticated port in the country."
He also said Andhra Pradesh is emerging as solar power and battery technology production hub. The group with India largest renewable energy company is well positioned to contribute to this sector. We seek to set up one 1000 mw solar and wind facility along with battery storage station in Andhra Pradesh, he said in the 24th CII Partnership Summit in the Port city.
All in all across the different projects, the group would make an investment of “over 9000 crore in the state over the next five years, he added.