Tuesday , December 24 2024

Mahindra Group’s solar energy division to invest Rs 11,000 crore in Rajasthan

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Jaipur, 09 December (Hindustan Reporter). Mahindra Group Chairman Anand Mahindra described the stepwells of Rajasthan as a wonderful example of innovation in the inaugural session of the Rising Rajasthan Global Investment Summit on Monday. He said the solar energy division of Mahindra Group is committed to invest Rs 11,000 crore in Rajasthan. He said that our solar division has installed more than 1.1 GW capacity in Rajasthan and we have committed to invest more than Rs 11,000 crore to achieve additional 2.8 GW capacity.

Starting his address with ‘Khammaghani’, Mahindra said that as soon as I reached Jaipur today, the picture of stepwells of Rajasthan emerged in my mind. These are proof of stepwell innovation. This shows the specialty of the people of Rajasthan. The innovative people of Rajasthan are progressing and prospering not only in the country but also in foreign countries. If we look at the history of Rajasthan, what kind of new experiments people used to save water. They used to do all the work of cleaning water and keeping the atmosphere cool simultaneously.

He said that the history of our company is linked to Rajasthan for a long time. Manufacturing of Mahindra tractors in Jaipur was started in 2002. Many international companies are investing in Mahindra SEZ located in Jaipur. A huge amount of foreign investment is taking place in Mahindra World City Jaipur and 143 companies have invested more than Rs 7000 crore, which has provided employment to 63 thousand people and exports worth Rs 23,000 crore have been made. He said that the company is preparing to further expand its business here. Anand Mahindra also said that Club Mahindra has six properties in the state and plans to almost double its number in the coming years. Expressing satisfaction over the investment environment of Rajasthan, he called upon other investors to invest in the state.