Adani's sting in Davos, will spend Rs 12,400 crore in Telangana - Newztezz Online

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Wednesday, January 17, 2024

Adani's sting in Davos, will spend Rs 12,400 crore in Telangana

Gautam Adani remains the topic of discussion during the ongoing World Economic Forum meeting in Davos. There he met the Chief Minister of Telangana and also announced an investment of Rs 12400 crore.

Gautam Adani, who came out of the allegations of Hindenburg Research, is being discussed not only in the country but also in the rest of the world. Gautam Adani remains the topic of discussion during the ongoing World Economic Forum meeting in Davos. There he met the Chief Minister of Telangana and also announced an investment of Rs 12400 crore. 4 MoUs have been signed between Telangana Chief Minister Revanth Reddy and Gautam Adani. At present there is Congress government in Telangana. After the elections held a few months ago, the Congress government has been formed here.

Where and how much will Adani invest?

Adani Green Energy will invest Rs 5 thousand crore in two pumped storage projects of 1350 MW capacity in the state.

Adani is also going to build a data center in the state. For which an MoU worth Rs 5 thousand crore has been signed.

Adani Group's cement company will invest Rs 1400 crore to set up a cement grinding unit in the state.

Adani's Aerospace and Defense Company will also invest Rs 1,000 crore in counter drone system and missile development and manufacturing centres.

one hour conversation

In Davos, there was a conversation for about an hour between Telangana CM Revanth Reddy and Adani Group chief Gautam Adani regarding investment opportunities in the state. After the meeting with the CEO of Adani Group, CM Revanth Reddy has assured that the state government will provide all kinds of help and facilities to the group for the projects. On the other hand, Gautam Adani said that the new government in Telangana has been investor friendly. It is very important to have maximum investment here. He said that Adani Group will always be with the state on the development path.

Five day meeting in Davos

The five-day long meeting of the World Economic Forum is being organized in Davos, Switzerland from 15 January 2024. More than 2800 leaders from different countries of Dulia have participated in this meeting. Heads of more than 60 countries have also come to this meeting. From the Indian side, Union Ministers Smriti Irani, Ashwini Vaishnav and Hardeep Singh Puri are present in this meeting. Along with him, CMs of three states and more than 100 CEOs have also participated.

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