The Adani Group has plans to invest nearly Rs 1 lakh crore in Karnataka over the next seven years as it seeks to expand its footprint across multiple sectors, Adani Ports and SEZ Limited CEO Karan Gautam Adani said today.
He said the business group has so far invested more than Rs 20,000 crore in Karnataka and is active in multiple sectors in the state ranging from cement, energy, city gas and edible oil to transportation, logistics and digital.
Adani spoke at the inaugural function of the three-day ‘Invest Karnataka 2022’-Global Investors Meet.
“If I combine all the sectors in which we will invest (in) and we expand in Karnataka state, we would be looking at almost Rs 1 lakh crore in investment over the next seven years,” Adani said.
“As the world’s largest solar developer, Adani Group will invest more in the renewable energy sector in Karnataka,” he said.
The company has an installed cement production capacity of more than seven million tons at four plants in Karnataka, and it will also look to expand its presence 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 expanding its presence in the coastal town of Mangaluru in Karnataka, he added.
(Except for the headline, this story has not been edited by NewsMadura staff and has been published from a syndicated feed.)
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