The chairman was addressing an event titled 'Infrastructure – Catalyst for India's Future' organised by CRISIL. He emphasised the immense potential of energy transition and digital infrastructure in transforming India at both local and global levels and termed these as trillion dollar opportunities.
Adani listed three aspects that will contribute to the country's infrastructure development in the coming years, moving the country towards its goal of achieving a $10 trillion economy by 2032.
- Governance: The role of government policies and governance
- Green energy: the future of infrastructure, its interrelationship with sustainability and renewables
- Infrastructure: Focus of Adani Group and its role in national infrastructure development
The group aims to set up solar parks, wind farms and facilities for manufacturing electrolysers, wind power turbines and solar panels.
Green hydrogen is produced by separating hydrogen from water, powered by an electrolyser. Renewable energy According to sources, it is considered a potential solution to reduce carbon emissions in both industrial and transportation sectors.
Addressing the event, Adani said, “While every country has its own challenges, I can confidently say that India's real growth is yet to happen. The stage is already in place to create a multi-trillion dollar market place. Our estimates show that India is on track to become a $10 trillion economy by FY32.”
According to Adani, the energy transition sector will permanently change the energy landscape worldwide. He also said, “The global transition market was valued at around $3 trillion in 2023 and is expected to grow to nearly $6 trillion by 2030, and then double every 10 years until 2050.”
“At this point in time, I expect the stock market capitalisation to have exceeded $40 trillion. This effectively means that India will potentially add $36 trillion to its stock market capitalisation over the next 26 years,” he said.
“Over the next decade, we will invest over $100 billion in the energy transition and further expand our integrated renewable energy value chain, which today already extends to the manufacturing of every key component needed for green energy generation,” the Adani Group chairman said.
“And to do this, we are already building the world's largest single-site renewable energy park at Khavda in Kutch district of Gujarat. This single location alone will generate 30 GW of power, taking our total renewable energy capacity to 50 GW by 2030,” he added.
The Chairman said, “As many of you know, in the case of India, our country aims to install 500 GW of renewable energy capacity by 2030. Achieving this ambitious target will require investments of over billions of dollars per year. The transition to green energy in India is expected to create millions of new jobs in sectors such as solar and wind, energy storage, hydrogen and its derivatives, EV charging stations, as well as grid infrastructure development.”
On digital infrastructure, Adani said data centres are a critical infrastructure to meet computational needs, especially for AI workloads involving machine learning algorithms, natural language processing, computer vision and deep learning. He emphasised that data processing at unprecedented speed and scale is critical and data centres provide these capabilities.
“In fact, it is estimated that by the year 2030, the world will need 100 to 150 gigawatts of additional green energy just for AI data centres. We already have the largest order book in India. data centers “We are now in discussions for an additional gigawatt-scale green AI data centre, which we are well capable of delivering,” he added.
Adani pointed out that this would require huge amounts of energy, making the data centre business the largest energy consuming industry worldwide.
Adani Group also intends to set up Artificial Intelligence laboratories to leverage India's rapidly growing expertise in providing AI services to the global market.
(with inputs from agencies)