Adani Group To Invest Rs 3,500 Crore In Madhya Pradesh, Creating Over 3,500 Jobs
.jpeg?downsize=1010:568 "Adani Group To Invest Rs 3,500 Crore In Madhya Pradesh, Creating Over 3,500 Jobs")
Adani Group is set to invest Rs 3,500 crore in two major projects in Madhya Pradesh, which will generate over 3,500 direct and indirect jobs, said Karan Adani, managing director of Adani Ports and Special Economic Zone Ltd., at the Regional Industry Conclave 2024 in Gwalior on Wednesday.
Adani emphasised the group's deep commitment to the development vision of both the state and the nation, highlighting their existing investments of Rs 18,250 crore in Madhya Pradesh across sectors like cement, defence, roads, thermal power, renewable energy, and transmission. The group's efforts have already generated 12,000 jobs in the state.
Gwalior is rapidly emerging as a key economic hub due to its growing status as a tourism hotspot, a talent pool, and a vital transportation and trade centre.
"The Adani Defence facility at Gwalior is the country's largest small arms plant and has positioned Madhya Pradesh as a global hub for small arms manufacturing. And today, I'm proud to announce two more projects," said Adani.
The two new projects announced include a 2 million tonne per annum cement grinding unit in Guna and a state-of-the-art propellant production facility in Shivpuri. The Shivpuri unit aligns with the Aatmanirbharta mission, aimed at transforming India from a defence importer to a defence exporter.
Additionally, the Adani Foundation has impacted 80,000 households and touched 3 lakh lives in Madhya Pradesh through initiatives in healthcare, education, sustainable livelihoods, and women empowerment. As part of its ongoing efforts, the Adani Foundation will set up a women-run jacket production centre in Badarwas to further empower local women.
Adani lauded Madhya Pradesh's growth potential, crediting the state government's relentless commitment to development, and pledged the group's continued support in transforming the region into a leading economic force.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Ltd, an Adani Group Company.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
