Essar, ABG, Adanis commit Rs 26k cr to Guj
The first day of the sixth edition of ‘Vibrant Gujarat’ saw investment commitments of Rs 28,000 crore from corporates such as Essar, ABG Shipyard, Jubilant Lifescience and Adanis.
Essar group Chairman Shashi Ruia said that his group will make a fresh investment of Rs 14,000 crore in the state’s port sector and water supply projects.
The Adani group said its investments will be about Rs 5,000 crore in its existing businesses, while shipbuilder ABG Shipyard announced plans to invest about Rs 7,000 crore.
This includes a greenfiled shipyard in three phases along the Gujarat coastline with an investment of Rs. 5000 crore.