Adani Power

Adani Group plans to invest ₹1 lakh cr in Karnataka over 7 years to expand footprint | Rare Techy


The richest Asian group Gautam Adani’s will invest almost 1 lakh crore over the next seven years in Karnataka, as it seeks to expand its footprint in various sectors, Gautam Adani’s son and Adani Ports & SEZ Limited CEO Karan Gautam Adani announced on Wednesday.

The Adani Group has invested more than 20,000 crore in Karnataka so far. Speaking on the topic, Adani’s Karan Gautam said the business group is active in various sectors in the country, ranging from cement, electricity, city piped gas and edible oil to transportation, logistics and digital.

Speaking at the inaugural function of the three-day ‘Invest Karnataka 2022’-Global Investors Meet, Adani said, “The Karnataka government’s alignment with our nation’s vision to become the world’s digital hub has resulted in unprecedented growth in the state. $65 billion worth of IT. exports , about a third of our nation’s total is an undeniable validation of your country’s and India’s growth trajectory.

“When I combine all the sectors that we will invest (in) and that we will expand in the state of Karnataka, we will see almost 1 lakh crore investment in the next seven years,” Adani said.

He also said that as the world’s largest solar power developer, the Adani Group will invest more in the renewable energy sector in Karnataka.

The business has an installed cement production capacity of over seven million tonnes across four plants in Karnataka, and it will also look to expand its footprint in this sector, he said.

Mangaluru International Airport (owned by Adani Airport Holdings, a subsidiary of Adani Group), is undergoing a facelift and “we will expand that airport as well”, the CEO said. Adani Wilmar is increasing its presence in Karnataka’s coastal city of Mangaluru, he added.

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