India's infrastructure spending will exceed $2.5 trillion, says Adani
ECONOMY & POLICY

India's infrastructure spending will exceed $2.5 trillion, says Adani

The Adani Group chairman stated that India's cumulative infrastructure spending would surpass $2.5 trillion by 2032, with expectations that the country would become a $10 trillion economy. He made these remarks during the 'Infrastructure: the Catalyst for India's Future' event of Crisil. Adani emphasised the importance of two emerging infrastructure sectors?energy transition infrastructure and digital infrastructure?as pivotal for both the country's future growth and the global GDP. According to Adani, "The global transition market was valued at approximately $3 trillion in 2023 and is expected to grow to nearly $6 trillion by 2030, with subsequent doubling every 10 years until 2050." He further mentioned that the Adani Group planned to invest more than $100 billion over the next decade in energy transition projects, including the manufacturing of essential components for green energy generation. Adani Green Energy is currently constructing solar and wind parks and developing facilities for manufacturing electrolysers, wind power turbines, and solar panels. Adani highlighted the energy transition and digital infrastructure as trillion-dollar opportunities that would significantly transform India both locally and globally. He stated, "The next decade will witness an investment of over $100 billion in the energy transition space, expanding our integrated renewable energy value chain, which already covers manufacturing every major component needed for green energy generation." Adani emphasised their focus on producing the "world's least expensive green electron," which will serve as the feedstock for various sectors required to comply with sustainability mandates. He outlined plans to build the world's largest single-site renewable energy park in Khavda, Gujarat, which alone will generate 30 GW of power, aiming to achieve a total renewable energy capacity of 50 GW by 2030. Regarding digital infrastructure, Adani characterised data as the new oil, underscoring the pivotal role of data centres as critical infrastructure to support computational needs, particularly for AI workloads such as machine learning, natural language processing, computer vision, and deep learning. He noted that data centres enable unprecedented speed and scale in data processing, albeit at significant energy consumption levels, thus making the data centre industry the largest energy-consuming sector globally. Adani commented, "This complexity in the energy transition is escalating electricity costs, compounding existing high prices due to the combined impact of climate change and demand growth."

The Adani Group chairman stated that India's cumulative infrastructure spending would surpass $2.5 trillion by 2032, with expectations that the country would become a $10 trillion economy. He made these remarks during the 'Infrastructure: the Catalyst for India's Future' event of Crisil. Adani emphasised the importance of two emerging infrastructure sectors?energy transition infrastructure and digital infrastructure?as pivotal for both the country's future growth and the global GDP. According to Adani, The global transition market was valued at approximately $3 trillion in 2023 and is expected to grow to nearly $6 trillion by 2030, with subsequent doubling every 10 years until 2050. He further mentioned that the Adani Group planned to invest more than $100 billion over the next decade in energy transition projects, including the manufacturing of essential components for green energy generation. Adani Green Energy is currently constructing solar and wind parks and developing facilities for manufacturing electrolysers, wind power turbines, and solar panels. Adani highlighted the energy transition and digital infrastructure as trillion-dollar opportunities that would significantly transform India both locally and globally. He stated, The next decade will witness an investment of over $100 billion in the energy transition space, expanding our integrated renewable energy value chain, which already covers manufacturing every major component needed for green energy generation. Adani emphasised their focus on producing the world's least expensive green electron, which will serve as the feedstock for various sectors required to comply with sustainability mandates. He outlined plans to build the world's largest single-site renewable energy park in Khavda, Gujarat, which alone will generate 30 GW of power, aiming to achieve a total renewable energy capacity of 50 GW by 2030. Regarding digital infrastructure, Adani characterised data as the new oil, underscoring the pivotal role of data centres as critical infrastructure to support computational needs, particularly for AI workloads such as machine learning, natural language processing, computer vision, and deep learning. He noted that data centres enable unprecedented speed and scale in data processing, albeit at significant energy consumption levels, thus making the data centre industry the largest energy-consuming sector globally. Adani commented, This complexity in the energy transition is escalating electricity costs, compounding existing high prices due to the combined impact of climate change and demand growth.

Next Story
Infrastructure Urban

Vedanta Aluminium wins accolades for environment and energy excellence

Vedanta Aluminium, India?s largest producer of aluminium, has won the prestigious Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit at Lanjigarh, Kalahandi district. These awards were presented by the Institute of Quality and Environment Management (IQEMS) in association with the Odisha State Pollution Control Board and the Institute of Public Enterprise, Hyderabad. Vedanta?s Lanjigarh unit, India?s premier producer of smelter-grade alumina, has undertaken multiple initiatives as part of Vedanta Aluminium?s sustainability goals such as Net ..

Next Story
Infrastructure Urban

IREDA loan surges to Rs 91.36 billion in April-June

Public sector non-banking financial company IREDA announced on that it experienced significant growth in its sanctioned loans, which reached Rs 91.36 billion during April-June FY25. The company's loan disbursements also saw a notable increase of 67.61 per cent, rising to Rs 53.20 billion in the same period, compared to Rs 31.74 billion in the corresponding period of the previous year. According to the company's statement, the total outstanding loan book as of June 30, 2024, stood at Rs 631.50 billion, marking a 33.77 per cent rise from Rs 472.07 billion in April-June FY24. Pradip Kumar Das, ..

Next Story
Infrastructure Urban

India, Australia to Enhance Cooperation in Critical Minerals and Processing

India and Australia are exploring ways to enhance cooperation in critical minerals, their processing, and battery production, according to Commerce Secretary Sunil Barthwal. He mentioned that both countries have signed an interim free trade agreement and are negotiating to expand it into a comprehensive pact. At a conference on the roadmap for vehicle electrification, Barthwal discussed the potential integration of the Indian and Australian economies in areas such as battery production, mineral production, mineral processing, and vehicle production. He highlighted the steps taken by the Indi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram