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Adani Group Proposes $66 Billion Investment in Maharashtra at Davos WEF
Adani: Adani Group has announced an investment of $66 billion (₹6 lakh crore) for Maharashtra at WEF Davos. Projects like aviation, clean energy, and Dharavi redevelopment will gain momentum. Navi Mumbai Airport will open in 2025. Read the full report.
During the 56th edition of the World Economic Forum in Davos, Switzerland, Adani Group announced a huge investment plan worth $66 billion or around ₹6 lakh crores in the state of Maharashtra. This stands to be one of the biggest investment plans in any state in India in the global arena, inked in the form of MoUs with the government of Maharashtra.
This investment will be made in the major sectors of the state of Maharashtra, which include aviation, clean energy, city infrastructure, digital platforms, and manufacturing. The main aim of this investment, which will be done in phases over a period of ten years, is the conversion of the state of Maharashtra into the strongest economy within the country of India and one of the top global powers. This is based on the infrastructure model.
Speaking to the media in Davos, Maharashtra Chief Minister Devendra Fadnavis stated that the state welcomes long-term investors who are willing to align with the state's development priorities. He emphasized that sustained investment creates new employment opportunities, promotes skill development, and sustains the state's growth momentum.
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Pranav Adani, Director of Adani Enterprises Limited (AEL), stated that the Adani Group's investment in Maharashtra is made with a long-term vision in mind. The investment is focused on building future-ready infrastructure platforms that will drive economic growth, energy transition, and digital expansion over the next 7-10 years.
Maharashtra's ambitious plan places special emphasis on urban transformation and next-generation infrastructure. It includes one of India's largest urban renewal projects, the Dharavi Redevelopment Project. Additionally, the operationalization of Navi Mumbai International Airport (NMIA) will position Navi Mumbai as a new growth hub. Additionally, a 3,000 MW green integrated data center park, 8,700 MW pumped storage hydropower projects, coal gasification initiatives, and semiconductor and display fabrication facilities are also proposed. This combined $66 billion investment portfolio positions Maharashtra at the center of Adani Group's next growth phase.
