SHIMONA SHARMA
The North News
Chandigarh, February 22
The Adani Group has announced plans to invest a substantial Rs 30,000 crore (£300bn) in Kerala over the next five years, further expanding its presence in the southern Indian state. The conglomerate, already spearheading the development of the Vizhinjam port and operating Thiruvananthapuram airport, intends to establish a major logistics and e-commerce hub, alongside increasing its cement production capacity, the Business Standard reported. Speaking at the Invest Kerala Global Summit, Karan Adani, Managing Director of Adani Ports and SEZ Ltd, confirmed that the company would allocate an additional Rs 20,000 crore to its ongoing investments in the state, on top of the Rs 5,000 crore already committed to the Vizhinjam port project. According to the Business Standard, plans are also in place to significantly expand Thiruvananthapuram airport’s capacity, increasing its passenger handling from 4.5 million to 12 million annually, with an investment of Rs 5,500 crore. Meanwhile, a new logistics and e-commerce hub is set to be developed in Kochi, strengthening the group’s infrastructure footprint in Kerala.
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