Business

Karan Adani Unveils ₹3,500 Crore Investment Plan For Madhya Pradesh At Gwalior Conclave

The Regional Industry Conclave is underway in Gwalior. This is the third such event in Madhya Pradesh in the past six months. Nine industry sectors have shown strong interest in setting up operations in the region. The Adani Group has announced plans for major facilities: a cement factory in Guna, a defence system factory in Shivpuri, and a women-operated jacket factory in Badarwas.

Adani Group’s Investment and Projects

Karan Adani, Managing Director of Adani Port and SEZ Limited, announced that the Adani Group will invest ₹3,500 crores in two major projects in Madhya Pradesh. The group has already invested ₹18,250 crores in the state, creating 12,000 jobs in sectors like cement, defence, and power.

In pictures: Karan Adani, CEO- Adani Ports and SEZ Ltd attended the ‘Regional Industry Conclave-2024’ in Gwalior today. Madhya Pradesh CM Mohan Yadav, Union Minister Jyotiraditya Scindia and Speaker of the Madhya Pradesh Assembly Narendra Singh Tomar were also present in the Conclave.

Gwalior is emerging as a tourism hotspot and a key trade hub. The Adani Defence facility in Gwalior is now the country’s largest small arms plant. The Adani Group will set up a 2 MTPA cement grinding unit in Guna and a propellant production facility in Shivpuri. These projects will involve an investment of ₹3,500 crores and create over 3,500 jobs.

Adani Foundation’s Impact and New Initiative

The Adani Foundation has impacted 80,000 households and touched 3 lakh lives in Madhya Pradesh. It supports healthcare, education, sustainable livelihoods, and women empowerment. The foundation will also set up a jacket production center in Badarwas, run entirely by women.

Karan Adani praised the Chief Minister’s efforts and highlighted the optimism for India, Madhya Pradesh, and Gwalior. He committed the Adani Group to supporting the region’s development, calling it “Mukhya Pradesh” in the nation’s growth journey.

Also Read: India Poised To Become 3rd Largest Economy In World: Ashwini Vaishnaw

Ajaypal Choudhary

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