​Rajasthan is set to witness a transformative economic boost with significant investment commitments from two leading conglomerates, the Aditya Birla Group and the Adani Group.
The Aditya Birla Group announced plans to invest Rs 50,000 crore across sectors such as cement, renewable energy, telecom, and retail. Chairman Kumar Mangalam Birla highlighted that Rs 6,000 crore would be allocated specifically for renewable energy projects within the next two years.
The group also aims to increase UltraTech Cement’s production capacity in Rajasthan by 10 million tonnes, bringing the total capacity to 30 million tonnes. Additionally, plans include setting up a jewellery manufacturing unit, further enhancing the group’s footprint in the state. "We are committed to scaling up our investments across our businesses," Birla said, emphasizing the group’s focus on sustainable and diversified growth in Rajasthan.
Meanwhile, the Adani Group unveiled an ambitious Rs 7.5 lakh crore investment plan during the inaugural session of the Rising Rajasthan Global Investment Summit in Jaipur. Karan Adani, Managing Director of Adani Ports & Special Economic Zone, announced that over 60% of this investment would be made within the next five years.
The Adani Group's investments will span multiple sectors, including the creation of a 100 GW integrated green energy ecosystem, cement production, and the development of a world-class airport in Jaipur. Other projects include a multimodal logistics park, among various other infrastructure and industrial developments aimed at fostering Rajasthan’s economic transformation.
These substantial investments from the Aditya Birla Group and the Adani Group signify strong confidence in Rajasthan’s growth potential and its role as an industrial powerhouse in India.
The Rising Rajasthan Global Investment Summit 2024, spanning multiple days and culminating on December 11, has become a beacon for global investors, industry titans, and influential policymakers. This prestigious event highlights Rajasthan's exceptional progress in various domains, serving as a dynamic platform to celebrate the state's strides in development, groundbreaking innovations, and robust industrial expansion. By showcasing its thriving business ecosystem, the summit aims to attract significant investments, foster international collaborations, and establish Rajasthan as a global hub for economic and industrial excellence.
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