Vibrant Gujarat Summit: Gautam Adani to invest Rs. 20,000 crore in Gujarat ports in next 5 years.

Billionaire Gautam Adani-led Adani Group recently announced a Rs. 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.

The investment is on the top of Rs. 25,000-crore spending the Group had announced on the first day of Vibrant Gujarat Summit here.

'We are going to continue our investments in port sector. We will invest another Rs. 20,000 crore over the next 5 years to add another 100 million tons capacity in Gujarat,' he said at the Summit recently.

Adani Ports & Special Economic Zone (APSEZ) - a part of the Adani Group - is India's largest multi-port operator. It operates six ports in the country including four in Gujarat - Kandla, Mundra, Hazira and Dahej. The ports handled a total cargo of 112.8 million tons in 2014.


'We are signing exclusive MoU with Port of Rotterdam to jointly identify and attract port-based industries in Gujarat,' Adani said. 'We are aggressively expanding our activities in Gujarat and globally.'

Adani said his group had recently signed an MoU with US-based SunEdison to invest Rs. 25,000 crore in a solar manufacturing complex to produce 27,000 metric tons of poly-silicon and 2000 MW capacity equivalent of crystals. 'This will be the largest integrated solar manufacturing facility in the world.'

ET