Vibrant Gujarat Summit 2024: Adani Group's Rs. 2 Lakh Crore Investment Commitment

Gautam Adani, Chairman of the Adani Group, delivered a keynote address at the 10th Vibrant Gujarat Summit, expressing his pride in being part of the summit's decade-long journey.

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Addressing an audience, including Prime Minister Narendrabhai Modi, Sheikh Mohamed bin Zayed al Nahyan, Chief Minister Bhupendra Patel, distinguished ministers, captains of industry, and attendees from partner countries, Adani praised Prime Minister Modi's extraordinary vision. He highlighted Vibrant Gujarat as a remarkable manifestation of grand ambition, massive scale, meticulous governance, and flawless execution.

Crediting the summit with sparking a nationwide movement that transformed India's industrial landscape through competition and cooperation among states, Adani emphasized the significant achievements of the past decade. He pointed out that since 2014, India's GDP has grown by 185%, and per capita income has surged by an impressive 165%, especially noteworthy in the face of geopolitical conflicts and pandemic challenges.

Adani commended Prime Minister Modi's international leadership, particularly applauding initiatives like the Solar Alliance and his influential role at the G20 platform. He acknowledged the shift from India seeking a voice on global platforms to actively creating them, calling the addition of the Global South to the G20 a defining moment in modern history.

Addressing the Prime Minister directly, Adani praised Modi's ability not only to predict but also to shape the future. He highlighted the reorientation of India as the world's fastest-growing nation and a global social champion, guided by philosophies of Vasudeva Kutumbakam and Vishwa Guru.

Reflecting on his past commitments, Adani announced that the Adani Group has surpassed its investment target of over Rs. 55,000 crore by 2025, already exceeding Rs. 50,000 crore across various sectors and surpassing the goal of creating 25,000 direct and indirect jobs.

Delighted with this achievement, Adani committed to further investments, unveiling ambitious plans for the Adani Group. He announced the construction of the world's largest green energy park in Khavda, Kutch, covering 725 square kilometers and generating 30 GW of renewable energy—a project visible even from space. This endeavor aims to expand the green supply chain for an "Atmanirbhar" Bharat, creating the largest integrated renewable energy ecosystem.

Adani detailed the components of this expansion, including solar panels, wind turbines, hydrogen electrolyzers, green ammonia, PVC, and expansions in copper and cement production. Over the next five years, the Adani Group plans to invest over Rs. 2 lakh crore in Gujarat, equivalent to USD 25 billion, thereby creating over 100,000 direct and indirect jobs.

Expressing gratitude for the support received, Adani concluded by committing to contribute to a Vikshit Gujarat—a vision aligned with Prime Minister Modi's transformative goals for the state and the nation.

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