Adani Ports and SEZ Ltd Managing Director, Karan Adani, on Monday announced an ambitious investment plan of ₹7.5 lakh crore at the Rising Rajasthan Global Summit 2024. The event was hosted at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura, which saw industry leaders, policymakers, and a host of other dignitaries.

Karan Adani outlined the group's vision by saying, “The Adani Group plans to invest over ₹7.5 lakh crore across various sectors of the state economy, with over 50 percent of this investment being made over the next 5 years.”

Adani also spoke about the plans to develop the world's largest integrated green energy ecosystem in the state.

He shared, "We plan to build the world’s biggest integrated green energy ecosystem involving 100 GW of renewable energy, 2 million tons of Hydrogen, and 1.8 GW of pump hydro storage. These investments will turn Rajasthan into an oasis of green jobs.”

This is the most ambitious project to come into being, which would offer thousands of employment opportunities, making Rajasthan a leader in green energy.

Apart from renewable energy, Adani underlined the importance of Rajasthan in group plans to dominate the cement industry.

“Beyond energy, Rajasthan is critical to our ambition to become India’s largest cement company. We will set up 4 new cement plants to build additional capacity of 6 million tonnes per annum in the state,” he added.

The move fits in with the Adani Group's larger vision of building up its presence in core sectors such as infrastructure and manufacturing.

The Adani Group is also looking to upgrade the infrastructure of Rajasthan. Karan Adani announced a world-class facility at Jaipur Airport, which would be built to enhance connectivity and spur tourism.

Multi-modal logistics parks would be developed to serve as an enabler of economic transformation in the state. These projects would work on further strengthening Rajasthan's stand as a hub for trade and investment.

Rajasthan Chief Minister Bhajanlal Sharma spoke at the event about the progress made in investing in the state. “So far ₹33 lakh crore of MoUs are signed under Rising Rajasthan”, he said.

The Rising Rajasthan Global Summit, to be held from 9 to 11 December, shall witness the exhibition of all industrial growth and innovation taking place in the state. Global investors, industry experts, and policymakers attending such a summit further signal the significance of Rajasthan within India.

With these huge investments in its books, Rajasthan can certainly emerge as a new important center for renewable energy, cement production, and infrastructures, thereby fueling both growth and employment in the following years.