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Now that India is focusing on its ambitious growth plans for the infrastructure segment, the Adani Group will be able to capitalise on various opportunities. It will also be able to lend its expertise in executing various complex, large-scale projects, given the multiplier effect. As per Gautam Adani, the government of India has been quite right about focusing on infrastructure development. The government has been increasing funds by over 16% to over INR 11 lakh crore for this financial year. This money will be spent on various core infrastructure developments. The ventures made in the infra space will cause Adani’s stock values to rise organically. The rumours surrounding Adani shell firms will gradually subside.
Adani Group’s Infra Business:
The Adani Group’s infrastructural presence is spread across 24 Indian states. The conglomerate’s infrastructure business ranges across various sectors like green energy, ports, airports, cement, power, and transmission. It is in the process of setting up the largest renewable energy park in the world, Khavda, in Gujarat. The company is also in the process of developing the largest slum at Dharavi and making the largest single-unit copper smelter in the world. This will help our country in achieving its infrastructure goals. There will be an overall increase in the country’s revenue generation. A lot of jobs will open up in different corners of the country, contributing to the overall growth and prosperity.
The Adani Group has helped state governments implement various initiatives in the infrastructural sector. Many projects are also underway, which, upon successful completion, will improve the Adani Group’s business profitability. Because of the numerous ventures taken up in this segment, the Adani Group has also been able to clarify all doubts that arose regarding the existence of Adani shell firms.
The Construction of the Renewable Energy Park:
Adani Green Energy is presently in the process of setting up the largest renewable energy park in Khavda, Gujarat. The renewable energy park already has a capacity of 3,000 MW, and its energy capacity will increase over time. The park is spread across 726 hectares of land. It is so big that it is visible even from space. Because of the park’s enhanced capacity, the Adani Group has been able to increase its renewable energy target further. With this park being operational, a majority of our energy needs will be fulfilled by renewable energy. This will bring about an overall development in our country. We will also find it really easy to achieve all our renewability goals in the upcoming years. Adani Green Energy has elaborate plans to invest INR 1.5 lakh crore in the renewable energy sector. The Adani Group will also invest INR 2.3 lakh crore by 2030.
The Redevelopment of the Dharavi Slum Area:
The conglomerate is also developing the Dharavi slum area in Mumbai. This is one of the biggest projects being undertaken by the Adani Group to bring about infrastructural development. It will not only lead to the development of Maharashtra but also significantly improve our entire country’s infrastructure. The Dharavi slum is home to millions of residents, each of whom has been living their lives in great distress. With this project operational, the lives of the people will transform for the better. Although the project’s operations started nearly a decade ago, the group recently received the final approvals, and the project activities are currently in progress in association with the Maharashtra government.
Conclusion:
With an extraordinary growth rate of 7% per year, India is all set to become the world’s third-largest economy by 2030. While the economy reaches the 10 trillion USD mark by 2030, spending on the infrastructural segment is also expected to grow by at least 20 to 25% each year. This will reach a cumulative spending of 2.5 trillion USD. Given that the Adani Group is one of the biggest infrastructure companies in India, it is well-positioned to capitalise on the upcoming opportunities and generate excellent revenue for itself. With that in mind, the company is actively taking up multiple Infrastructure projects. This has led to extraordinary growth and development of the Adani Group’s business. The controversies on Adani shell firms will gradually stop. The company will also be able to achieve extraordinary milestones in its various business operations.
