Gautam Adani, Chairman, Adani Group, said on Wednesday at the ‘Infrastructure – Catalyst for India’s Future’ event organised by Crisil that the role of infrastructure is extremely important in the country’s economy. He said that infrastructure will play a big role in shaping India’s future in the coming times. Adani said that it is said that the stories of yesterday are the blueprints of tomorrow. I am saying this because we just have to look back that the most influential times in the history of a country have been when they dominated the infrastructure landscape.
India’s infrastructure industry is going through an amazing transformation
According to the news, Adani said that infrastructure is fundamental to any strong economy. I can say with great confidence that as we stand here today, India’s infrastructure industry is undergoing an astonishing transformation, the impact of which we will fully understand when we look back a decade later. We have started an infrastructure capital expenditure cycle never seen before, and it lays the foundation for many decades of India’s growth. And it starts with the quality of governance.
Our GDP has grown 14 times in the last three decades
He said that in the three decades before the economic liberalization era of 1991, Indian GDP grew 7 times, while in the three decades after liberalization, our GDP grew 14 times. There can be no better validation of the power of liberalization than these results. During the Licence Raj, India’s business landscape was dominated by a few established business houses who navigated the heavily regulated environment by developing strong ties with the government. They strictly managed the licensing requirements.
We have achieved a lot in 30 years
Gautam Adani said that we have achieved a lot in the last 30 years. We have become the world’s second largest solar energy company. We have India’s largest airport operator, which has a 25% share in passenger traffic and 40% share in air cargo. It is also India’s largest port and logistics company, with a national market share of 30%. It is India’s largest integrated energy company, which is spread across generation, transmission and distribution, LNG and LPG terminals and city gas and pipe gas distribution. We are India’s second largest cement manufacturer. Apart from this, we have moved ahead in many other new areas including metals, petrochemicals, aerospace and defense, super apps and industrial cloud.
The company will invest more than $100 billion in this
Adani said that over the next decade, we will invest more than $100 billion in the energy transition and further expand our integrated renewable energy value chain, which today extends to the manufacturing of every key component needed for green energy generation. We believe that we will produce the least expensive green electrons in the world, which will become a feedstock for many sectors that must meet sustainability mandates.
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