Jaipur (Rajasthan): Karan Adani, Managing Director of Adani Ports and SEZ Ltd, unveiled an ambitious Rs 7.5 lakh crore investment plan for Rajasthan during the Rising Rajasthan Global Summit on Monday at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura.

Karan Adani revealed that the Adani Group plans to invest over Rs 7.5 lakh crore across various sectors of Rajasthan's economy, with more than 50 per cent of this amount expected to be invested in the next five years.

He further outlined the group's vision to transform Rajasthan into a global leader in renewable energy by building the world’s largest integrated green energy ecosystem. "We plan to build the world's biggest integrated green energy ecosystem involving 100 GW of renewable energy, 2 million tonnes of hydrogen, and 1.8 GW of pump hydrostorage. These investments will turn Rajasthan into an oasis of green jobs," Adani said.

Apart from the green energy push, the Adani Group’s investment plans extend to the cement industry, highlighting Rajasthan's pivotal role in the group’s ambition to become India’s largest cement producer. "Rajasthan is critical to our ambition to become India's largest cement company. We will set up four new cement plants to build an additional capacity of 6 million tonnes per annum in the state," Adani added.

The group's infrastructure investments will also enhance Rajasthan's connectivity and tourism. This includes the development of a world-class facility at Jaipur Airport, as well as multi-modal logistics parks to support the state's ambitious transformation. Adani emphasised, "These initiatives will support your transformative plans for Rajasthan."

Rajasthan’s commitment to development

Rajasthan Chief Minister Bhajanlal Sharma highlighted the state’s commitment to industrial growth, stating, "So far, Rs 33 lakh crore of MoUs have been signed under Rising Rajasthan."

The Rising Rajasthan Global Investment Summit 2024, taking place from December 9 to 11 in Jaipur, is expected to attract global investors, industry leaders, policymakers, and government officials, marking a significant step in Rajasthan’s development.

With ANI inputs