The Adani Group of Industries will convert 200 Uttarakhand government’s diesel-run buses into Compressed Natural Gas (CNG) fuel buses as it announced to invest more than Rs 4,400 crore in cement, gas, power and other sectors in the state.

Speaking at the inaugural function of the Uttarakhand Global Investors Summit 2023 on Friday in Dehradun, Director, Adani Group, Pranav Adani, said, “To facilitate transition to 15 per cent natural gas in India’s energy mix by 2030, we propose to convert 200 state buses into eco-friendly CNG vehicles thus contributing Uttarakhand to remain the way it is.”

Adani said, “In the cement sector, we will invest in excess of Rs 1,700 crore to expand our Ambuja Cement, Rs 300 crore to enhance our Roorkee plant. We also plan to invest Rs 1400 crore to set up a grinding unit with the capacity of four million tons.”

Besides this, “In the Kumaon region, we have taken up a project with over Rs 800 crore to install smart meters. We are also exploring the development of 1000-acre land parcel in Pantnagar with the possibilities including infrastructure for an aero city, an inland container depo, logistics, warehouses and a knowledge park,” said Adani, adding the Adani Group is excited by the range of opportunities emerging in Uttarakhand.

As the industry leaders thanked and praised the Uttarakhand government for providing investment opportunities they Sajjan Jindal, Chairman and Managing Director of JSW Energy announced his company’s plan to invest Rs 15,000 crore. Jindal also expressed his happiness to be part of ‘Clean Kedarnath Project’ started in November.

Yoga Guru and Patanjali Yogpeeth Trust head Baba Ramdev assured his company’s future investments of more than Rs 10,000 crore to the state. He also praised Chief Minister Pushkar Singh Dhami for his efforts to maintain an investment-friendly environment in the state and urged corporate houses to set up their units in the state.

R Dinesh, Chairman TVS Supply Chain Solutions reiterated his company’s investment plans in the manufacturing sector and warehousing capacity to provide more than 7,000 jobs. Besides, as President of CII, Dinesh informed that confederation will set up 10 model career centers to provide counseling and support for more than Rs 1 lakh people in the state.

He also assured that Uttarakhand would be the first state to have a special multi skill development Centre with a capacity to train 10,000 people covering hospitality, health care and advanced manufacturing sectors in coming days.

Earlier, the Uttarakhand chief minister welcomed Industry heads and said Uttarakhand global investors summit with theme ‘Destination Uttarakhand’ was inspired by “Vibrant Gujarat” conclaves organised by PM Narendra Modi when he was chief minister of Gujarat.

“It will be our endeavor to organise the summit every two years. The main objective of “Destination Uttarakhand” is all-round development of the state by coordinating ecology and economy with green economy and employment.”

Dhaki said a grand ‘Convention Center’ will soon be constructed in Uttarakhand similar to ‘Mahatma Mandir Convention and Exhibition Center’ in Gujarat.