Adani Group on Saturday signed an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including development of a green field Port at Bhavanapadu, in next five years.
Gautam Adani Chairman of Adani Group said that the company would also be investing in a multi-modal logistics park.
Talking about the port, he said, "as the country's largest port operator, it is my promise to make Bhavanapadu as one of the largest and sophisticated port in the country".
He also said Andhra Pradesh is emerging as solar power and battery technology production hub. The group with India largest renewable energy company is well positioned to contribute to this sector.