Gautam Adani, Chairman of the Adani Group, has unveiled plans to invest INR 2 lakh crore in Gujarat over the next five years, with a strategic focus on green energy and the renewable sector, at the Vibrant Gujarat Global Summit 2024. This proposed investment plans reflect the conglomerate’s aims of driving India’s transition towards a cleaner and more sustainable energy future while stimulating economic growth.
The Adani Group, a diversified conglomerate in India, comprises 10 publicly traded companies and has emerged as one of the global leaders with a world-class portfolio in transport and utility infrastructure, spanning across the nation. With its headquarter in Ahmedabad, Gujarat, the Adani Group is one of the leading forces in transport logistics and energy utilities, focusing on large-scale infrastructure development in India, incorporating operational and maintenance practices that adhere to global standards. With the distinction of being the sole Infrastructure Investment Grade issuer in India, the group holds four IG rated businesses.
The success and leadership of the Adani Group can be attributed to its core philosophy of ‘Nation Building’ fueled by ‘Growth with Goodness’—a guiding principle that emphasizes sustainable growth. Committed to expanding its Environmental, Social, and Governance (ESG) footprint, Adani is realigning its businesses to prioritize climate protection.
The company is also intensifying community outreach through a Corporate Social Responsibility (CSR) program rooted in sustainability, diversity, and shared values. The Adani Group holds the mission of contributing to the nation’s progress while upholding principles of ethical growth and positive societal impact.
The planned investment is projected to generate over 1 lakh direct and indirect jobs, exemplifying the Adani Group’s focus on fostering employment opportunities and contributing to the socio-economic development of the region. Gautami Adani emphasized the pivotal role of the conglomerate’s visionary investment strategy, positioning it as a key player in the global green energy revolution.
Central to the investment plan is the Adani Group’s vision of establishing a massive 30 GW capacity green energy park in Kutch, covering an expansive 25 square kilometers. This project, not only a reflection of the group’s vision but also an environmental marvel, is anticipated to be visible from space.
Mr Adani’s announcement aligns seamlessly with global efforts to combat climate change and underscores the group’s proactive role in advancing the renewable energy ecosystem. The move reflects a broader commitment to sustainable practices and aligns with international goals to reduce carbon footprints and transition towards greener alternatives.
In addition to launching the extensive investment plan for Gujarat, Mr Adani took the opportunity to commend India’s remarkable economic growth, attributing much of it to the visionary leadership of Prime Minister Narendra Modi. He shared that the Adani Group has already expended INR 50,000 crore from the committed INR 55,000 crore at the previous summit, surpassing targets and exceeding expectations across various sectors.
Mr Adani’s acknowledgment of the success of the Gujarat Summit was accompanied by praise for Prime Minister Modi’s vision, which seamlessly blends grand ambition, massive scale, meticulous governance, and flawless execution. The chairman had also highlighted the effectiveness of the government’s policies and the collaborative environment that fosters business growth and development.