Adani Skips Summit in Key State That Draws Other Billionaires
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Top Indian industry leaders Friday pledged billions of dollars in infrastructure and business development in the country’s most populous state even as billionaire Gautam Adani was conspicuous by his absence at the event that he’s attended in the past.
Speaking at the Uttar Pradesh investors summit, Mukesh Ambani, chairman of Reliance Industries Ltd. pledged 750 billion rupees ($9.1 billion) of investment in Uttar Pradesh state over the next four years, while Kumar Mangalam Birla, who leads the Aditya Birla Group, promised 250 billion rupees. The Tata Group is developing an integrated multi-modal air cargo complex at the upcoming Jewar airport.