Adani Group Unveils $66 Billion Maharashtra Investment Plan at Davos

Dubai | Adani Group has presented its roadmap for the development of Maharashtra at the 56th annual meeting of the World Economic Forum (WEF) at Davos. Adani Group has announced a massive investment of $66 billion (₹6 lakh crore). The investment roadmap was formalized in a Memorandum of Understanding (MoU) signed with the Maharashtra government. The group said that this investment will not be limited to the construction sector alone, but will also boost employment, urban development and green energy.

During the WEF meeting in Davos, Adani Group gave information about its investment plans in the coming years. The proposed investments of Adani Group will be made in sectors such as aviation, clean energy, urban infrastructure, digital platforms and advanced manufacturing. These investments will be made in phases over the next ten years.

In Maharashtra, Adani Group will prioritize the redevelopment of Dharavi, one of the most challenging urban projects in the country. Under this scheme, Asia’s largest slum will be transformed into a manageable and economically viable area, which will improve living, working and business facilities for its residents.

Speaking to media persons at Davos, Maharashtra Chief Minister Devendra Fadnavis said that “the state welcomes long-term investors who are aligned with its development priorities, he stressed that sustained investments are important to maintain the momentum of employment generation, skill development and growth.

Adani Group is developing Navi Mumbai as a major development hub. The Navi Mumbai International Airport, which will be operational from December 25, will increase air travel capacity in the region around Mumbai and will also boost logistics, hotel industry and commercial development.

Adani Enterprises Limited (AEL) Director Pranav Adani said that “the Group’s investments in Maharashtra are being planned with a long-term vision in mind. These investments are focused on building a future-ready infrastructure platform that will power economic growth, energy transition and digital expansion over the next 7-10 years.”

The new investments will generate employment and have long-term benefits for the economy. The investments, which will be phased in over the next 7-10 years, include a 3,000 MW green data center park. In addition, there are plans for an arena district near the airport, coal-fired projects, an 8,700 MW pumped storage power project, and a semiconductor and display fabrication unit.

The new investments will not be limited to just building infrastructure or creating wealth, but will create an ecosystem that creates large-scale employment, is environmentally friendly, and enhances India’s influence in the global economy.