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Gautam Adani at investors summit :Adani to invest Rs 70,000 crore in UP, create 30k jobs

By Priyanka Verma 
Updated Date

Uttar Pradesh: Gautam Adani, Chairman of Adani group said on Friday at investors summit his group companies would invest Rs 70,000 crore in Uttar Pradesh that would help create around 30,000 jobs in the state. Out of this investment, Rs 11,000 crore has already been spent on projects like transmission and green energy.

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This is the third UP Investors Summit. The first summit was held in 2018 and the second in 2019. “We are investing over Rs 70,000 crore in the state. We anticipate that this investment will create over 30,000 jobs,” Adani said. The group is also investing Rs 24,000 crore on road & transport infrastructure and Rs 35,000 35,000 crore on multi-modal logistics and defence sector.

He said Adani Group is in the process of setting up South Asia’s largest ammunition complex in Kanpur, Uttar Pradesh. “This is the largest private sector investment in UP defence corridor,” he said, while adding, “Our large investments are the sign of our confidence that Uttar Pradesh of today will define India of tomorrow.” “Uttar Pradesh is a symbol of this quantum leap forward,” he added.

Gautam Adani, Chairman of Adani group said Prime Minister Narendra Modi is building a new India that works to restore its past glory. CM Yogi Adityanath is building a foundation on which UP’s trillion-dollar economy will be built. “Honourable Prime Minister from the day you became chief minister of Gujarat I had the privilege to have closely observed as you conceptualised, executed and institutionalised an economic model driven by tremendous focus on industrialisation and balanced development for all now as the prime minister you are implementing the same Gujarat model across the country and the effect is transformational,” Adani said.

Prime Minister Narendra Modi addressed the “ground-breaking” ceremony of the investors’ summit. On the occasion, the Prime Minister laid the foundation stone of 1,406 projects worth over Rs 80,000 crore in the state.

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