Mumbai, July 11 (IANS). Gautam Adani, president of Adani Group, announced on Friday that the group is preparing for the capital expenditure of about $ 100 billion in the next five years.
Gautam Adani said, “The scale and speed of this commitment is unprecedented in the history of the private sector of India as we are contributing to strengthening the backbone of India’s uplift, which has 1.4 billion dreams.”
Addressing the 5th annual conference of the top doctors’ conference for minimally invasive spine surgery-Asia Pacific (SMISS-AP) in Mumbai, Gautam Adani said that these investments are the expression of the ‘Faith in India’s future’ of the Adani group, including energy grids, logistics arteries and industrial men of the country.
Gautam Adani narrated the success story of the group to develop Mundra port as India’s largest multi-cargo port from a simple salt export ghat.
The chairman of the Adani Group said, “Mundra is a real form of faith. It reminds that when dreams are elevated, destiny also changes because now it changes India’s largest multi-cargo port, the world’s largest private single-sight thermal power plant, the first HVDC transmission line, India’s largest integrated solar end manufacturing hub and petrochemicals. There is a group of many important industries including smelter, solar accessories. “
He said that when the American partner pulled his hand from the Mundra salt export ghat, his company made it on its own despite having no experience of construction in the marshy land.
At the same time, in 1995–96, Gujarat introduced a public-private partnership policy for port development, aimed at using private sector capabilities, and the Adani group immediately took advantage of it.
The Mundra port started operations with birth in October 1998, which led to India’s first private port. A few years later, the Special Economic Sector (SEZ) policy was announced.
Gautam Adani said, “Once again, we worked fast. While others were seeing barren land, we saw 40,000 acres of possibilities.”
He said that the experience of Mundra port gave the company the courage to look beyond borders.
He said, “This assured us that barren salt land could be converted into a world-class infrastructure, and it assured us that if we can do it once, we can do it again, big, fast and adventure.”
The chairman of the Adani Group further said that what started in our work place has now become an all-India network of dreams, which is accelerating our development, which has created us the second largest solar power company in the world and has built the world’s largest single-site hybrid renewable park spread over 500 square kilometers. “
He further said that Adani Group is also India’s largest integrated private airport operator, which has more than 25 percent of India’s passengers and 38 percent of the country’s goods.
In addition, the group runs the highest integrated energy business, including thermal and renewable generation, transmission, distribution, LNG, LPG, CNG, PNG, battery storage, hydrogen trucks, EV charging stations, pump hydro and mining.
Gautam Adani further said that it is the second largest and most efficient cement manufacturer in India as well as a major business of aerospace and defense, data center and real estate.
-IANS
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