Adani Group is making its plans to invest a whopping Rs. 70,000 crore over the next two decades in the state of Andhra Pradesh.
Indian multinational conglomerate Adani Group is making its plans to invest a whopping Rs. 70,000 crore over the next two decades in the state of Andhra Pradesh.
Uttering the latest investment as its largest investment till date, the company said that the purpose of the investment is to build solar powered data centre parks of up to five gigawatts in and around Visakhapatnam region.
Adani Group on Wednesday signed a memorandum of understanding (MoU) with the government of Andhra Pradesh and the move would boost technology Infrastructure in the state.
Andhra Pradesh Chief Minister N. Chandrababu Naidu took to Twitter and wrote, “AP govt entered into an MoU with @AdaniOnline today. With an investment of Rs. 70,000 Cr, World’s First 100% renewable energy powered Data Center parks will be built in Vizag. This will position AP as the East Coast Data Center hub of India and South East Asia.”
Adani Group wrote on its Twitter, “We are proud to be associated with @AndhraPradeshCM to develop solar-powered hyper-scale Adani Data Center parks in the state. This will help position #AP as the east coast #DataCenter hub for #India & South East Asia, taking #DigitalIndia to new heights.”
Gautam Adani, the Chairman of the Adani Group said, “I am delighted as we collaborate with @AndhraPradeshCM to develop the world’s first hub of green #DataCenter parks. It holds personal significance to me as it’s our maiden step in building a digital ecosystem aligned with New India’s aspirations. #DataDrivenFuture.”
The Adani Group’s diverse businesses include energy, resources, logistics, agribusiness, real estate, financial services, and defence and aerospace.
The group has annual revenue of over $11 billion with operations at 70 locations in 50 countries.
The Group is India’s largest port developer and operator with ten ports and terminals including Mundra Port, its largest
