Foreign govts approaching us to invest: Adani
New Delhi, July 26 : Noting that the business conglomerate’s success has been recognised world over, Adani Group Chairman Gautam Adani on Tuesday said that several foreign governments are now approaching the company to work in their geographies and help build their infrastructure.
Addressing shareholders at the Annual General Meeting (AGM) 2022, Adani said that the business group’s combined market capitalization this year exceeded $200 billion.
“We were able to raise billions of dollars from the international markets – a direct validation of confidence in the India and Adani growth story,” he said.
The billionaire businessman said that Adani Group now holds a major global renewable energies portfolio while also making remarkable progress in several other industries over the past 12 months.
“In one stroke, we have become the largest airport operator in India. Around these airports that we operate today we are engaged in the adjacent businesses of developing aerotropolises and creating localised community based economic centres,” he said.
Adani stated that following the initial public offering (IPO) of Adani Wilmar, the company has become the largest FMCG company in the country.
He further said that following the acquisition of Holcim’s assets in India –ACC and Ambuja Cements – Adani group is now the second largest cement manufacturer in India.
“This is a classic example of our adjacency-based business model at work. In addition, we have also made entries in sectors ranging from data centres, digital super apps, and industrial clouds to defence and aerospace, metals, and materials- all aligned with the Government’s vision of an Atmanirbhar Bharat,” Adani said.
He also mentioned that Adani family has came together and decided to contribute Rs 60,000 crore towards charitable activities related to healthcare, education, and skill development, focussing especially on rural India.