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Adani to Invest Rs 50000 cr in Maharashtra For setting up 1 GW data centre Project
Adani to Invest Rs 50000 cr in Maharashtra: Adani Enterprises Ltd, the flagship company of the Adani Group, has recently sealed a groundbreaking deal with the Maharashtra government, committing a colossal investment of Rs 50,000 crore over the next decade to establish a cutting-edge 1 GW data center. This transformative initiative was formalized through a Memorandum of Understanding (MoU) signed at the World Economic Forum 2024 in Davos, witnessed by Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani.
Investment Blueprint: Maharashtra’s Tech Hub
Adani Group’s substantial investment is earmarked for the development of a 1 GW data center in key locations such as Mumbai or Navi Mumbai and Pune. The venture is set to operate on renewable energy, not only fortifying Maharashtra’s green energy infrastructure but also creating direct and indirect employment for around 20,000 individuals.
Green Energy Momentum in Mumbai
Adani to Invest Rs 50000 cr in Maharashtra: The move aligns seamlessly with Mumbai’s remarkable shift towards renewable energy. Over the past few years, Mumbai has transformed from having a marginal share of renewable energy to emerging as a global leader in clean energy adoption. The city’s renewable energy share now surpasses that of major global cities, with ambitious targets set to achieve 60% renewable energy supply by 2027.
Adani’s Expansive Commitment: Maharashtra and Telangana
The Adani conglomerate is set to inject a staggering ₹624 billion into Maharashtra and Telangana as part of its ₹7-trillion expenditure plan for the next decade. This ambitious commitment underscores Adani’s dedication to fueling economic growth and sustainable development.
Davos Summit 2024: Telangana’s Share in Adani’s Vision
Telangana, too, will benefit significantly from Adani’s expansive vision. The conglomerate is slated to invest over ₹12,400 crore in various projects, including a 100-megawatt data center, a clean energy project, and a cement plant. Adani Green Energy, Ambuja Cements, and Adani Defence Systems and Technologies are also set to establish noteworthy projects in the state.
“The government of Telangana signed 4 MoUs with the Adani Portfolio of Companies for over ₹12,400 crores at the World Economic Forum, Davos. Adani Group to invest ₹5,000 crores in 100 MW data centre that will use green energy. Adani Green to set up two pump storage projects using over ₹5,000 crore. Adani Defence and Aerospace to invest ₹1,000 crore to set up counter-drone and missile facilities,” ANI reported.
Maharashtra In World Economic Forum Davos Summit 2024
On the sidelines of the World Economic Forum Annual Meeting, Maharashtra Chief Minister Eknath Shinde inked MoUs totaling Rs 1.4 lakh crore. These agreements involve global heavyweights such as Berkshire Hathaway and Greenko Energy Projects, promising to generate over one lakh jobs in vital sectors across the state.
World Economic Forum 2024: Davos Unveils Global Economic Collaborations
The World Economic Forum’s Annual Meeting in Davos serves as a platform for strategic collaborations and discussions. Maharashtra’s active participation, evident in the signed MoUs, reinforces its role as India’s stable and dependable gateway for global investors. The forum’s theme, “Rebuilding Trust,” resonates with Pope Francis’s message urging leaders to ensure economic development benefits everyone and remains tied to solidarity.
As Davos continues to host influential figures from business, politics, and academia, Maharashtra stands poised to showcase its stability, dependability, and commitment to global economic progress, marking a pivotal moment in the state’s journey towards sustainable growth.