Leading Industrialist Gautam Adani, today, announced that his company is planning to invest Rs70,000 crore in Uttar Pradesh, which will lead to creation of at least 30,000 jobs in the state. Adani Group Chairman made the announcement while addressing the third edition of Uttar Pradesh Investors Summit this year.
With this investments Adani Group is already in the process to establish South Asia’s largest ammunition complex in Kanpur, Uttar Pradesh. “This is the largest private sector investment in UP defence corridor,” Gautam Adani said.
Explaining the plans, Adani said that of the total investment, the company had already spent Rs11,000 crore across transmission, green energy, water and agricultural logistics. Data centre business is also included here.
Furthermore, Adani said, “We are also investing Rs24,000 crore on roads and transport infrastructure, as well as Rs35,000 crore on multi-model logistics and defence sectors.”
The business tycoon applauded Prime Minister Narendra Modi for his efforts in generating lucrative opportunities through out India. He said that his company’s decision to invest in this state is a sign of confidence in Uttar Pradesh. He also backed initiatives taken by Chief Minister Yogi Adityanath and said, “Uttar Pradesh is a symbol of this quantum leap forward.”