Adani Group announces ₹1.5 lakh crore investment in Kutch over next five years

Adani Group will invest 1.5 lakh crore in Kutch within the next five years because the ports-to-mining conglomerate plans to invest more in its mother state of Gujarat.

“We will complete our Khavda project and commission the full 37 GW capacity by 2030, and we will also double our port capacity at Mundra in 10 years,” Karan Adani, managing director of Adani Ports & SEZ Ltd., said at the Vibrant Gujarat Regional Conference in Rajkot on Sunday.

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“At a time when the global economy faces uncertainty and fragmentation, India is emerging as a bright spot, growing close to 8%, expanding its manufacturing base, and confidently progressing towards becoming a $5 trillion economy and the world's third largest.”

Karan Adani writes that Gujarat is one of the most industrialized and interconnected states in India with an annual contribution of more than 8 percent to the GDP of the country, industrial production of 17 percent, management of 40 percent of the cargo to the country, and the largest level of renewable energy. In Gujarat, the transformed region is Kutch, a place that was once regarded remote and difficult to reach is now one of the most strategic industrial, logistics, and energy centres of India.

“As India advances towards Viksit Bharat 2047, Gujarat will remain cornerstone of this national transformation,” Karan Adani said. “The Adani Group remains deeply committed to being a trusted partner in building a strong, self-reliant, and globally respected India.”

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Welspun in Gujarat

Other than Welspun World Chairman Balkrishan Goenka also attended the Regional Vibrant Gujarat summit that was held in Rajkot wherein he indicated that the company facility in Gujarat is the No.1 home textile company in the world.

“Today, Welspun is giving employment to 1 lakh people directly and indirectly in Gujarat,” Goenka said. “In the US and UK, the market share of Welspun home textiles is more than 25%. Welspun products made in Gujarat are being used in prestigious tournaments like Wimbledon.”

He proceeded to mention the pipeline business that Welspun has set up, and up to the year 2026, the company is investing 5,000 crore in it to ensure it is the largest pipe manufacturing company globally.

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