Adani Group will invest Rs 5,500 crore over the next five years in power transmission and food processing sectors in Uttar Pradesh, its chairman Gautam Adani said on July 28. Speaking on the occasion of the second ground breaking ceremony that will see the launch of multiple projects by corporates, Adani said he had announced his investment plans during UP investors’ summit in February 2018 and the work on two power transmission projects has already started. “In the next five years, the group is planning to invest Rs 5,000 crore in power transmission and another Rs 500 crore in food processing sector,” Adani said. It is my dream that Adani Group sets up world-class defence manufacturing hub in the defence corridor in Uttar Pradesh,” he said. Underlining that the development story of the country is incomplete without Uttar Pradesh, Adani said the state is being viewed as the fastest changing and it will play an important role in reaching the target set up by Prime Minister Narendra Modi of $5 trillion economy by 2024.
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