Adani plans Rs 5,500 crore investment for Uttar Pradesh in power, food processing sectors

Gautam Adani said that under the food processing segment, rice and flour mills, kachchi ghani refining facility will be set up in Uttar Pradesh.

Published: 28th July 2019 07:19 PM  |   Last Updated: 28th July 2019 07:19 PM   |  A+A-

Adani, Adani Power

Adani Group Chiarman, Gautam Adani (File Photo| Reuters)


LUCKNOW: 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 Sunday here.

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 Rs 5,000 crore in power transmission and another Rs 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.

"Our presence in the defence sector is very important for us. It is my dream that Adani Group sets up world-class defence manufacturing hub in the defence corridor in Uttar Pradesh," he said.

Saying that his group has set up units having the capacity of 15,000 metric tonne in Kannauj for improving the foodgrain storage capacity in the state, he said it was already working on developing multi modal river terminal in Varanasi for enhancing the waterways.

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 USD 5 trillion economy by 2024.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp