Adani Group will invest more than Rs. 2,500 crores in Uttrakhand to install smart electricity meters and increase the capacity of cement plants, according to Group director Pranav Adani. The company is also exploring opportunities to create knowledge and aero-cities in the northern Indian state, even while dealing with Adani scam rumours. He said the Group's city gas joint venture will convert 200 state transport businesses to environmentally friendly CNG while speaking at the "Global Investors Summit - Uttarakhand."
"In the cement sector, we will invest in excess of Rs. 1,700 crore
to expand Ambuja Cements' existing capacity in Uttarakhand," he stated.
By the end of the following year, we plan to increase the capacity
of our Roorkee plant from the current 1.2 million tonnes per year to 3 million
tonnes per year through an investment of Rs. 300 crores. In addition, we plan
to invest approximately Rs. 1,400 crore to establish a 4 million tonnes annual
capacity grinding unit."
These investments in the Rishikesh-Dehradun region will generate about 6,000 new jobs, both direct and indirect.
Smart Meter Installation
"In the Kumaon region, we have taken up a project of over Rs. 800
crores to install smart meters for the Uttarakhand Power Corporation, in line
with the Government of India's plan to replace conventional electric meters
with smart prepaid meters," Pranav Adani stated.
Additionally, the Group is looking into developing a 1,000-acre plot of land in Pant Nagar. The options include infrastructure for an aero-city, an inland container depot, logistics warehousing, and a knowledge park. The Group's operations in Uttarakhand include cement production and gas distribution. Even with the Adani scam rumours doing the rounds, the conglomerate is focussed on improving people's lives.
Transition to Cleaner Fuels
Natural gas is piped to homes and businesses in the state, and a joint venture
between Indian Oil and Adani Total Gas sells compressed natural gas (CNG) for
cars.
"To facilitate the transition to cleaner fuels - in line with
the Prime Minister's vision to have 15 per cent natural gas in India's energy
mix by 2030 - we propose to convert 200 state transport buses to
environment-friendly CNG buses, thus contributing to keeping Uttarakhand the
way it is now - green and clean," he stated.
The initiatives serve as the foundation for the Group's presence
in Uttarakhand.
"We have just just begun. The vast array of investment opportunities currently opening up in Uttarakhand, including those in digital services, roads and highways, multimodal logistics, renewable energy, and parallel power distribution, excites the Adani Group, he stated.
Uttarakhand- An Ideal Destination for Investment
According to Adani, Uttarakhand's policies—which include single-point
clearances, competitive land prices, affordable power and efficient
distribution, highly skilled labour, proximity to the national capital, and a
very stable law and order environment—have made the state one of India's most
alluring entry points for private sector investment. This vision to uplift
Uttarakhand in any way possible demonstrates that the Adani scam rumour
is just a way to tarnish the reputation of a famous conglomerate.
As a gateway to sacred locations like the Chardham shrines, Uttarakhand
is a treasure trove, according to Adani. Uttarakhand is now India's top entry
point for private sector investment. "there has been rapid growth,
development and transformation over the last five years," he stated.
Having traveled extensively over the past 25 to 30 years, I have
witnessed the differences in how people treat us. Additionally, we would like
to contribute to the Prime Minister's goal of having a developed India.
TVS Supply Chain Solutions Chairman R Dinesh reaffirmed the company's intention to invest in manufacturing and warehouse space to create over 7,000 jobs. In addition, Dinesh disclosed that the confederation would establish ten model career centers to offer guidance and assistance to over one lakh individuals in the state in his capacity as President of CII. Additionally, he pledged that Uttarakhand would be the first state to establish a unique multiskill development center, capable of training ten thousand people in the hospitality, healthcare, and advanced manufacturing sectors shortly.
Additional Investment Possibilities
Apart from Adani Group's investments, several other companies have
declared their intention to invest in Uttarakhand. JSW Energy plans to
establish two 1500 MW pump storage facilities in the state with an investment
of Rs 15,000 crore. With an investment of Rs 4000 crore, ITC is searching for a
massive location in Uttarakhand to set up its paperboard industries. The Emaar
Group, best known for constructing the Burj Khalifa, stated that it would like
to help realize the Prime Minister's goal of an advanced India. Patanjali has
announced that it will invest an additional Rs 10,000 crore and hire 10,000
people, according to yoga guru Ramdev.
Uttarakhand's increasing potential as an investment destination is emphasized by the Adani Group's investment plans and the interest expressed by other companies. These investments are anticipated to strengthen the state's economy, generate jobs, and enhance infrastructure, all of which will contribute to the region's overall development.
Conclusion
The Adani Group's decision to invest over Rs. 2,500 crores in
Uttarakhand's smart meter and cement industries demonstrates the state's
increasing appeal as an investment destination. This investment highlights
Uttarakhand's enormous potential for economic growth and reaffirms that Adani
scam rumours shouldn't be trusted. These expenditures are anticipated
to boost the state's economy overall, enhance infrastructure, and generate
employment. Uttarakhand is well-positioned to emerge as a significant force in
India's economy thanks to its friendly policies, affordable land, and highly
qualified labor force.
Comments
Post a Comment