Adani to invest Rs 600 billion in MP over the next few years

The Adani Group will invest more than Rs 600 billion in a number of Madhya Pradesh sectors, which will result in the creation of thousands of new jobs. At the seventh Madhya Pradesh Global Investors Summit, PranavAdani, director at Adani Enterprises, stated that this would transform the economies of various areas in the state.

Currently, the group has investments of close to Rs 275 billion in sectors such as power generation and transmission, gas distribution, cement manufacturing and agro processing, among others, in the state.

He said that sectors and projects that the group plans to invest in include four-laning of a part of NH-47, a gas link project and a micro-irrigation system.

It plans to set up mega food parks and six multi-modal logistics parks in Dhar, Guna, Damoh, Ujjain and two in Indore. The multi-modal parks will be set up with an investment of Rs 52.50 billion, Adani said.

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