Gautam adani will spend $ 70 billion on energy business and said - will not back down from investing in india Addressing the group's shareholders' meeting on Tuesday, gautam adani said that his group is investing $70 billion in the new energy business in the country.
Addressing the group's shareholders' meeting on Tuesday, gautam adani, chairman of the adani Group and Asia's richest businessman, said his group is investing $70 billion in the new energy business in the country. He said that with the help of this, india will become an exporter of green hydrogen instead of an importer of crude oil. India's renewable energy capacity has increased by almost 300% since 2015.
Even renewable energy has seen an astonishing 125% jump in capital investment under capital investment as compared to 20-21 last year. gautam adani said that the adani Group has never shied away from investing in india as the growth of the group is linked to the economic progress of the country.
"We have never slowed down or stepped back from investing in india," adani said. According to adani, the group thinks that its success is linked with India's growth. “We believe that our scale, diversified business, and track record of performance give us a strong position to continue to perform well in a variety of market conditions,” he says. The success of the adani Group is based on its common objective with the indian growth story and I firmly believe that there is no other nation like India. adani said his group has emerged as the largest operator of airports in the country and with the acquisition of Holcim, the group has now forayed into the cement business as well.
Adani Transmission is also looking to increase the share of renewable power purchases from 3 percent to 30 percent by the end of 2022-23 and to 70 percent by 2029-30. "Given the signals from our business, I am confident that India's projected GDP growth of 8 percent in this current year is very achievable," adani said. Let us inform you that gautam adani is donating Rs 60,000 crore to celebrate his 60th birthday and the 100th birth anniversary of his father Shantilal Adani.