Adani Group commits over Rs 6 lakh crore investment blueprint to Maharashtra: Pranav Adani

The Adani Groups planned investment in Maharashtra are over Rs 6 lakh crore spanning critical sectors including energy aviation urban regeneration data centres and coal gasification Adani Enterprises Director and Managing Director Agro Oil amp Gas Pranav Adani said on ThursdayOf this projects worth Rs 26 lakh crore already completed or under execution he said at the Invest Maharashtra event according to news agenciesOur partnership with the state of Maharashtra spans decades but our recent commitments reflect a quantum leap in nature scale and conviction at a time when the state aims to be a trilliondollar economy by 2030 with the Mumbai Metropolitan Region playing a central role At the World Economic Forum in Davos and through state partnerships the Adani Group has committed to an investment blueprint exceeding Rs 6 lakh crore across critical upcoming sectors like energy aviation and aerodistricts urban regeneration data centres and coal gasification Projects worth Rs 26 lakh crore are already completed or under execution he saidElectricity businessAdani Electricity provides power over 3 million homes and establishments across Mumbai he saidThe metropolis today leads major global financial capitals in clean energy adoption with over 60 per cent of our power supply sourced from renewables And to insulate Mumbais financial core from outages our 1000 MW High Voltage Direct Current HVDC transmission link brings resilient clean green power directly into the city he addedAviation businessThe Adani Group is developing integrated airport business in Mumbai and Navi Mumbai where around 440 acres have been earmarked for development The projects are expected to complement the existing Mumbai airport and the Navi Mumbai International AirportWe have had the privilege of managing and transforming the Chhatrapati Shivaji Maharaj International Airport CSMIA continuously enhancing passenger experience and operational excellence Alongside it we are delivering the greenfield Navi Mumbai International Airport a transformative infrastructure asset designed to anchor the Mumbai Metropolitan Regionrsquos growth and eventually handle over 90 million passengers annually he saidDharavi Redevelopment ProjectOn the Dharavi redevelopment project he said it is one of the most ambitious and compassionate urban transformation initiatives while trying to retain the communitys soulldquoInfrastructure must always have a human heart Through the Dharavi Redevelopment Project we have undertaken one of the most ambitious and compassionate urban transformation initiatives in modern history Our approach is peoplefirst ensuring dignity creating modern housing before relocation formalising and safeguarding thousands of microenterprises and transforming Asias largest informal settlement into a vibrant integrated economic hub without displacing the communitys soulrdquo he saidThe project Asias largest urban redevelopment initiative involves the rehabilitation of more than one million slum dwellers with over 125 lakh homes planned for constructionSpread across approximately 600 acres Dharavi is widely regarded as Asias largest slum It is home to more than one million people living in densely populated conditions The area also hosts four major industries pottery food processing leather and plastic recyclingThe Adani Group aims to complete the rehabilitation component of the project over the next seven to eight years The first building on land owned by Indian Railways is expected to be handed over in December 2026 while construction of 30000 housing units is scheduled to be underway in the next fiscalPublicprivate partnership modelApproved in 2022 the Dharavi Redevelopment Project is structured as a publicprivate partnership between the Maharashtra government which holds a 20 per cent stake and the Adani Group which holds the remaining 80 per centThe project aims to transform Dharavi into a transitoriented urban hub by rehabilitating residents into highrise housing complexes upgrading civic infrastructure and developing residential and commercial projects in the freesale component of the landThe redevelopment project spans approximately 225 million square feet msf comprising 95 msf of rehabilitation area and 130 msf of freesale areaThe 95 msf rehabilitation component is expected to accommodate more than one million slum residents through the construction of over 125 lakh housing unitsAround half of these units will be built within Dharavi itself while the remaining units will be developed across six locations in the Mumbai Metropolitan Region MMRWith inputs from ANI and IANS