- Monday, March 10, 2025
By: Shubham Ghosh
India’s Adani Group is set to invest Rs 650 billion ($7.9 billion or £7.07 billion) in the north-western Indian state of Rajasthan in the next five to seven years, its founder Gautam Adani said on Friday (7).
Adani, Asia’s richest man, said in late September that his company would invest more than $100 billion over the next decade, most of it in the energy-transition business.
The ports-to-energy conglomerate will make investments in the renewables business, cement manufacturing, airport expansion, and developing networks to deliver piped natural gas and compressed natural gas, Adani told an investment summit in the state held on Friday.
“Combining all ongoing and future investments, we anticipate investing an additional Rs 65,000 crore ($7.90 billion) in Rajasthan over the next five to seven years and creating over 40,000 direct and indirect jobs,” the tycoon told the summit.
