For Adani Group, Odisha is heart of eastern India's economic development: Karan Adani
Bhubaneswar/Ahmedabad, July 2 Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited, on Thursday said that for Adani Group, Odisha is the heart of eastern India's economic development, as the company announced a landmark aluminium plant here, along with Abu Dhabi-based International Holding Company, with a proposed investment of $11.5 billion.
Addressing the gathering, Karan Adani said that Adani Group Chairman, Gautam Adani, "sees in Odisha not just resources, but resilience".
"Not just geography, but destiny. Not just potential, but the power to lead India's next wave of industrial growth. And this project is a major step in that direction," he said.
Karan Adani said that Odisha is a unique land where ancient heritage and modern aspirations come together.
"Odisha is India's rich mineral resources, contributes significantly to the nation's industrial backbone. The state holds the largest reserves of bauxite; over 50 per cent of India's iron ore reserves; and substantial coal reserves -- supporting power and industrial growth," he noted.
"With a proactive government under the dynamic leadership of Chief Minister Mohan Charan Majhi, along with strong policy support, Odisha is transitioning from a raw material supplier to a value-added manufacturing hub," Karan Adani said, adding that it is a "privilege to be here today in this great land of enterprise, courage, culture and immense possibilities".
Under the leadership of Prime Minister Narendra Modi, India has set for itself the great national mission of 'Viksit Bharat by 2047'.
"Projects like this are the building blocks of that vision. A Viksit Bharat will require Viksit Odisha and a Samrudh Odisha by 2036. An Odisha that adds value to its minerals. An Odisha that builds world-class manufacturing ecosystems. An Odisha that generates jobs for its youth," Karan Adani highlighted.
He said that the project is meant to create opportunities for "your children, strengthen your local economy, support your entrepreneurs, and take Odisha to the world".
— IANS
Reader Comments
$11.5 billion investment is huge! But I hope the Adani group also focuses on environmental sustainability and rehabilitating local communities. Development can't come at the cost of our forests and tribal populations. 🤔
As someone from Odisha, this is truly exciting. Our state has been neglected for too long. Finally, we're seeing big-ticket investments that will transform the region. 'Samrudh Odisha by 2036' - I like that vision!
Am I the only one skeptical about Adani's track record? They've faced controversies in other states. Let's hope Odisha's government ensures proper monitoring and doesn't let crony capitalism take over. Vigilance is key.
Finally some good news for eastern India! When Karan Adani says 'Odisha is the heart', it shows they understand the strategic importance. With Abu Dhabi backing, this could be a game-changer for the state's economy. Hope local businesses also benefit.
'Viksit Bharat by 2047' needs massive investments like these. Odisha has the resources and now with the right policies, it can become an industrial powerhouse. But let's not forget the small farmers and artisans - development must include them too. 🙏
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