The Adani group plans to double the capacity of the two sea ports it operates at Krishnapatnam and Gangavaram in the state, Karan Adani, founder family’s scion, said at the Andhra Pradesh Global Investors Summit here but did not give investment numbers. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs.
Karan Adani said currently, Adani Group operates two largest private ports in Andhra Pradesh – Krishnapatnam and Gangavaram, with a total capacity of 100 million tonnes per annum. “In the next 5 years, not only do we aim to double this capacity, but also transform these ports into industrial port cities,” he said. “By developing industrial clusters at Krishnapatnam and Gangavaram and attracting industries, we will be able to reduce the logistics costs drastically, thus making these industries far more competitive globally.”
Karan Adani, who is the CEO of the group’s port company Adani Ports and SEZ Ltd and the son of group founder and chairman Gautam Adani, said the group will set up cement plants with total capacity of 10 million tonnes per annum at Kadappa and Nadikudi in the state as well as a 400 MW data centre in Visakhapatnam.
The group is also developing 15,000 MW of renewable power projects over the next few years across five districts of Anantapur, Kadappa, Kurnool, Visakhapatnam and Vizianagaram. “Our other investments in the state include cement manufacturing units and data centres. Presently we do not have any cement manufacturing capacity in Andhra Pradesh. Hence, as part of our expansion plans, we will be setting up cement plants in Kadapa and Nadikudi with a total capacity of 10 million tonnes per annum,” he said.
Also, the group is working on developing a 400 MW of data centre in Visakhapatnam. “These projects will bring further employment opportunities and demonstrate our commitment to the sustainable growth of the state of Andhra Pradesh,” he said. With the second longest coastline in India, the state has been recognised by the World Bank as the No.1 implementer of energy efficiency and conservation programmes.
“We are investing in education, healthcare, nutrition, access to potable water, sports and building an ecosystem of skilling and sustainable livelihood in the state. Our teams are executing programs in Nellore, Tirupati, and Visakhapatnam districts. At present, we have invested over Rs 4200 crore and are touching over 180,000 lives and counting, in the state,” he added.








