Karnataka Global Investors Summit: Adani Group to invest Rs 1 lakh crore in next 7 seven years, says Karan Gautam Adani
“Having invested over Rs 20,000 crore, we are active in various sectors from cement, power, city gas, and edible oil to transport, logistics and digital,” Adani said that they are the largest independent energy producer in the state. The 1,200 MW Udupi power plant accounts for nearly 25 per cent of Karnataka’s total installed thermal capacity, he said.
The conglomerate also has an installed renewable energy capacity of nearly 1,100 MW spread across 21 locations and as the world’s largest solar energy developer, it will invest more in the state’s renewable energy sector.
“We have an installed cement production capacity of over 7 million tonnes across 4 plants in Karnataka and we will look to expand our footprint. On the coastal side, in Karnataka’s Dakshina and Udupi districts, we are scaling up our operations,” Adani shared.
Mangaluru international airport is undergoing renovation and the Adani Group will expand the airport as well.
They will also expand their presence in the CNG sector as their CNG stations will be located at 11 key locations and with 50 km of piped CNG channels. Moreover, through Fortune, India’s leading FMCG brand, Adani Wilmar is increasing its presence in Mangaluru, said Karan Adani.
“No investment portfolio would be complete in Karnataka without digital and we are working to leverage the unmatched strength that the state has to offer in the technology space. In all sectors combined, we will invest close to Rs 1 lakh crore in the next seven years in the state,” he said.
Further, the conglomerate, through the Adani Foundation, also intensified its social intervention programs and outreach along the coast in many sectors including education, community health, rural infra and sustainable livelihoods touching the lives of over 1.2 million people directly and indirectly.
Meanwhile, the three-day Invest Karnataka: Global Investor’s Meet was inaugurated on Wednesday. The event aims to set the state’s development agenda for the next decade.