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Vibrant Gujarat Summit 2024: Adani Groups Investments Tops As the Highlight of Global Event

Vibrant Gujarat Summit 2024: Adani Groups Investments Tops As the Highlight of Global Event
Photo Credit: via Reuters

Gandhinagar hosted the Vibrant Gujarat Summit 2024 at Mahatma Mandir, Ahmedabad. The two-day summit is scheduled to end on Friday, 12 January 2024. At the Vibrant Gujarat Summit, the Adani Group Chairperson, Gautam Adani, announced that the conglomerate would invest INR 2 Crores in the state in the next 5 years. Following, during the last edition, he announced a final investment of INR 55,000 Crores.

During the global event, Gautam Adani went on to say, Our investment so far has surpassed Rs 50,000 crore and we are looking to expand further. Investment of Rs 2 lakh crore will create over 100,000 direct and indirect jobs by 2029.”

Talking about the subjects of investment, Adani revealed the firm’s investment in building the world’s largest renewable energy park in Gujarat which is expected to install a capacity of 30GW.

Besides the Vibrant Gujarat Summit, at the Tamil Nadu Global Investors Meet, Adani and his groups revealed their plans to invest INR 42,700 Crores in the state through its various subsidiary farms.

Along with Adani Groups, Adani Green Energy is slated to launch three pump storage projects with an investment of INR 24,500 Crores. On the contrary, Adani Connex is positioned to slate an investment of INR 13,200 Crores. Meanwhile, Ambuja Cements has planned to invest INR 3,500 Crores to set up three cement grinding plants.

Nevertheless, after the Supreme Court ruled in favour of Adani Group against the Hindenburg report, the conglomerate came forward to announce its major investments in several sectors.

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