- ADANIS TO INVEST 2 TRN, MARUTI TO PUT IN ₹38,000 CR
THE 10TH VIBRANT Gujarat Summit got off to a rousing start at the colourfully decorated Mahatma Mandir here on Wednesday, with a flurry of multi-billion investment pledges and other announcements by the top guns of India Inc. The bullish tone at the three-day summit, attended by several Heads of State, was set by Prime Minister Narendra Modi who said India has emerged as a new ray of hope amid many uncertainties being faced globally.
India's corporate captains agreed to that in unison and let their purses do the talking. The biggest announcement on the opening day came from Adani Group chairman Gautam Adani who pledged a staggering investment of 2 trillion over the next five years, largely in setting up the world's largest clean energy project which, he said, "will be visible even from space". The group is building three giga factories for manufacturing solar modules, wind turbines and hydrogen electrolysers. In Gujarat's Rann of Kutch desert, it is building the world's largest green energy park, covering 725 sq km and will produce 30 gigawatt of electricity from solar energy as well as set up an integrated renewable energy manufacturing ecosystem for solar and wind. Adani said the group has already invested over ₹50,000 crore out of the ₹55,000-crore investment committed by 2025 at the previous summit.
This story is from the January 11, 2024 edition of Financial Express Mumbai.
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This story is from the January 11, 2024 edition of Financial Express Mumbai.
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