LEADING INDIAN CONGLOMERATES and other companies have pledged to make combined investments of more than 35 lakh crore in Rajasthan over the next few years under the memoranda of understanding signed with the state government, with the largest commitment of ₹ 7.5 lakh crore coming from Adani Group.
Karan Adani, managing director of Adani Ports and SEZ, at the inaugural event of the 'Rising Rajasthan' summit on Monday said a large portion of the proposed investments would be going to green energy and cement manufacturing."Over 50% of these investments will be made in the next five years." Adani said the group will be making the world's biggest green energy ecosystem involving 100 GW of renewable energy, two million tonne of hydrogen and 1.8 GW of pumped hydro storage. "These investments will turn Rajasthan into an oasis of green jobs." Apart from green energy, the group has planned four new cement plants to build additional capacity of six million tonne per annum.
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