Adani Group to invest ₹1 lakh crore in Andhra Pradesh: Announcement of investment of ₹63,000 crore in Assam also; Company will build tech park in Visakhapatnam

Adani Group has announced to invest Rs 1 lakh crore in Andhra Pradesh in the next 10 years. This investment will be in ports, cement, data centres, energy and advanced manufacturing.

The group has already invested ₹40,000 crore in the state. Karan Adani presents vision of $15 billion Vizag Tech Park at Andhra Pradesh Investor Summit.

This will be a hyperscale data center ecosystem powered by green energy in partnership with Google. At the same time, Adani Power and Adani Green will invest ₹63,000 crore in Assam also.

Investment plan in Andhra Pradesh

Adani Group is claiming to make Andhra Pradesh the launchpad for India’s next decade of transformation. This investment is in addition to the existing Rs 40,000 crore, which went into ports, logistics, cement, infra and renewable energy. The Group’s existing operations have generated more than 1 lakh direct and indirect jobs in the state.

Company will build tech park in Visakhapatnam

Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ), told the plan of Vizag Tech Park in the summit. This will become the world’s largest green-powered hyperscale data center ecosystem, in which Google will be the partner. Karan Adani said, this is not just a tech park, but the foundation of India’s digital sovereignty. We are building a system running on green energy.

Power Projects in Assam

Adani Power Limited will set up a 3,200 MW greenfield ultra supercritical power plant in Assam with an investment of ₹48,000 crore. This will be India’s largest private sector power generator. At the same time, Adani Green Energy Limited (AGEL) will build two Pumped Storage Plants (PSP) of 2,700 MW each for Rs 15,000 crore. AGEL has received LoA for 500 MW energy storage capacity. These projects will bring a total investment of Rs 63,000 crore to the state.

Important part of North-East India’s growth story

Adani Group Chairman Gautam Adani said, “North-East is becoming an important part of India’s growth story. We will promote energy security, industrial development and job creation with 3,200 MW thermal power and 2,700 MW PSP projects.” He reiterated the promise of investing Rs 50,000 crore for the Northeast in February. Adani described Assam as a catalyst for the progress of the Northeast Corridor.

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