On Friday, the Adani Group Chairman Gautam Adani said that the group is deciding to invest Rs 70,000 crore in Uttar Pradesh that would help create around 30,000 jobs in the state.
7000 Crore Investment
He said that “We are investing over Rs 70,000 crore in the state. We anticipate this investment creating over 30,000 jobs”. He said this at the Uttar Pradesh Investors Summit 2022.
Adani Group chairman while elaborating on the investment said that out of the total investment, as many as Rs 11,000 crore have already been spent across our transmission, green energy, water, agri-logistics and our data centre business.
He added that the group is also investing Rs 24,000 crore on road and transport infrastructure and Rs 35,000 crore on multi-model logistics as well as defence sectors.
He said that the Adani Group is in the process to set up South Asia’s largest ammunition complex in Kanpur, Uttar Pradesh and the fact that it is the largest private sector investment in UP defense corridor.
UP Will Define India Tomorrow : Adani
He added that the investments are done on the grounds that Uttar Pradesh of today will define India of tomorrow.
While lionizing PM Modi, he said that the PM is is building a new India that works to restore its past glory and CM Yogi Adityanath is building a foundation on which UP’s trillion-dollar economy will be built.
He said, “Honourable Prime Minister from the day you became chief minister of Gujarat I had the privilege to have closely observed as you conceptualized, executed and institutionalized an economic model driven by tremendous focus on industrialization 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,”
He added that the Uttar Pradesh is a symbol of this quantum leap forward.
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.
This is the third UP Investors Summit. The first summit was held in 2018 and the second in 2019.