Gandhinagar: Billionaire Gautam Adani announced Friday an investment of over Rs 55,000 crore in next the five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.
Adani Group, which operates Mundra port in the state, had Thursday announced plans to foray into petrochemical business with a Rs 16,000 crore project with German chemical major BASF.
Speaking at the IXth Vibrant Gujarat Summit here, Adani said his group’s investments in Gujarat in the past five years exceed Rs 50,000 crores and ‘we are further accelerating our investments’.
“Over the next five years, our investments will include the world’s largest solar hybrid park in Khavda. The anticipated investment in this park is Rs 30,000 crore. We also plan to establish a 1 GW Data Center Park in Mundra, a one million ton copper smelting and refining project, a cement and clinker manufacturing unit in Lakhpat, an integrated Lithium battery manufacturing complex and expand our Photovoltaic manufacturing capabilities. Overall, we anticipate a total of Rs 55,000 crore of investment in all these projects,” added the industrialist.
This will lead to the creation of over 50,000 new direct and indirect jobs in the state.
PTI