Adani Promises To Invest Rs 1 Lakh Cr In Karnataka
Adani Group on Wednesday said it plans to invest Rs 1 lakh crore in the state of Karnataka over the next seven years.
The investment will see Adani grow its presence across sectors in Karnataka said Adani scion Karan Gautam Adani.
Speaking at the Invest Karnataka Summit 2022, Adani Ports and SEZ Limited CEO said that Adani Group had already made investments amounting to Rs 20,000 crore in the state across sectors including power, cement, transport, edible oil, city piped gas, logistics and digital.
"When I combine all of the sectors that we will be investing and we will be expanding in the state of Karnataka, we would be looking at almost Rs 1 lakh crore of investment in the next seven years," he said.
Further he said that the Group will be investing more in the renewable energy sector in Karnataka.
Adani has established cement manufacturing capacity of over seven million tonne across Karnataka and will be looking to enhance its presence in the sector also, he informed.
In addition, he also spoke on the Group looking expand Mangaluru International Airport in the near term.
