Adani Group commits Rs 49,000 cr at Vibrant Gujarat Global Summit 2017

Posted by Daily Shipping Times on 12-01-2017        Tweet

GANDHINAGAR: Adani Group plans to invest over Rs 49,000 crore in Gujarat over five years and this is expected to generate direct and indirect employment for 25,000. Of this, around Rs 16,700 crore would be invested in Mundra, Dahej, Hazira and Tuna to set up a container terminal capacity to 10 million TEUs and to connect Hazira with the Delhi-Mumbai freight corridor through a rail-link, among others. In renewable energy, the group will invest Rs 23,000 crore by 2021 to develop and generate solar and wind energy. In the agri business, under Adani Wilmar, it plans to invest Rs 1,200 crore to double capacity of edible oil facility at Mundra from 3,000 tpd.

New investments are planned in the water and cement sectors as well - a Rs 5,500-crore cement plant at Mundra with capacity of 10 million tonnes and a desalination plants at Rs 2,000 crore.