Invest Kerala Global Summit: Adani Group is going to invest in Kerala. This information was given by Karan Adani, managing director of Adani Port and Sez (Adani Ports and Sez Ltd.) at the Invest Kerala Global Summit held in Kochi on Friday. Karan Adani said that Adani Group will invest Rs 30,000 crore in Kerala in the next 5 years. Adani Group is developing Vizhinjam port in Kerala. Along with this, the Group is also operating the Thiruvananthapuram Airport.
Now Adani group will develop a logistics and e-commerce hub in Kerala as well as expand its cement manufacturing capacity in the state. Karan Adani, who arrived to attend the Invented Kerala Global Summit, said, “We are investing an additional Rs 20,000 crore.”
Adani Group has invested 5 thousand crores at Vizhinjam Port
Karan Adani said that Rs 5,000 crore has already been invested on the development of Vizhinjam port. Karan Adani announced that the capacity of Adani Group Thiruvananthapuram Airport will be increased from 45 lakh passengers per year to 1.2 crore passengers per year, for which an investment of Rs 5,500 crore will be made.
Also, a logistics and e-commerce hub will be installed in Kochi and cement manufacturing capacity will be increased in Kochi. Overall, Adani Group will invest Rs 30,000 crore in Kerala in the next 5 years.
Honor to be a part of Kerala’s development journey: Karan Adani
The managing director of Adani Ports said, “Kerala is emerging as a model of development and progress, and Adani Group feels honored to be a part of this journey”. He said that Adani Group has already invested Rs 5,000 crore in Vizhinjam and has resolved to invest an additional Rs 20,000 crore. This is not only the first transpiration hub in India, but our thinking is that Vizhinjam should be made the largest transmission port in this region.