Planning: Rs.30,000 crore solar park
The 9th Vibrant Gujarat Summit opened with commitments to projects worth Rs.55,000 crore investments including a solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex.
Billionaire Gautam Adani announced the investments at the summit opening in Ahmedabad on 18 Jan 2019, following on to a day earlier announcement of a partnership with Germany’s BASF in a Rs.16,000 crore petrochemical complex.
“Over the next 5 years, our investments will include the world’s largest solar hybrid park in Khavda,” said Adani. The park’s investment is about 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,” he said of the Rs.55,000 crore investments.
Ahmedabad-headquartered Adani Group, a home-grown multinational corporation, has invested over Rs.50,000 crores in the past five years in Gujarat.
Adani Group is an integrated infrastructure conglomerates with interests in resources (coal mining and trading), logistics (ports, logistics, shipping and rail), energy (renewable and thermal power generation, transmission and distribution), agro (commodities, edible oil, food products, cold storage and grain silos), real estate, public transport infrastructure, consumer finance and defence sectors. fiinews.com
