Adani says never slowed investments; USD 70 billion to turn India to clean energy exporter

Richest Indian Gautam Adani on Tuesday said his ports-to-energy conglomerate never slowed or stopped investing in the country as the group’s success is based on its alignment with the India growth story. Speaking at the annual shareholder meeting of the group companies, he said the previously announced USD 70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy.

“Never have we walked away from investing in India, never have we slowed our investments,” he said. “We believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions.” The success of the Adani Group, he said, is based on its alignment with the India growth story.