(PTI)
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. 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.
Under the food processing segment, rice and flour mills, kachchi ghani refining facility will be set up in the state, he said. “In the next five years, the group is planning to invest ₹5,000 crore in power transmission and another ₹500 crore in food processing sector,” Adani said. Talking about his plans to focus also on other areas such as data centre and defence, he said that going by the size, population and strategic location and demographic dividend of the state, Uttar Pradesh can emerge as a leader in these sectors as well.
