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Home > All news > Shipping > ‘Invest Karnataka 2022’: Adani Group to invest Rs 1 lakh crore in next 7 years, says Karan Adani

‘Invest Karnataka 2022’: Adani Group to invest Rs 1 lakh crore in next 7 years, says Karan Adani

November 4, 2022
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BENGALURU: Karan Gautam Adani, Adani Group Chairman Gautam Adani’s son and CEO of Adani Ports & SEZ on Wednesday, 2nd November called Karnataka one of India’s hottest investment destinations. Not only is the state attracting tourists in millions, it is welcoming investors and businesses like, he said. Karnataka Government’s alignment with our nations vision to become the world’s digital hub has produced unprecedented growth in the state. $65 billion worth of IT exports, around a third of our nation’s total is undeniable validation of your state’s and India’s rising growth trajectory,” Adani said at the Invest Karnataka: Global Investor’s Meet, 
He Stated that it is very clear that our intention to build for the world is eminently practical, and 
hat Karnataka’s mix of astute and efficient dominance has invited business houses like Adani Group. 
“Having already invested over Rs 20,000 crore, we are active in multiple sectors ranging from cement, power, city gas, and edible oil to transport, logistics and digital,” 
Adani said that they are the largest independent power producer in the state. Our 1,200 MW Udupi powerplant accounts for almost 25 per cent of Karnataka’s total installed thermal capacity, he noted. The conglomerate also has an installed renewable energy capacity of nearly 1,100 MW spread across 21 locations and as the world’s largest solar power developer, it will be investing more in the renewable energy sector in the State.
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