Adani praises Dr Singh, PM Modi for India’s remarkable journey

Adani Group Chairman Gautam Adani has said that liberalisation policy announced in 1991 laid the foundation for India's infrastructure story and then the eventual take-off has taken in the last decade. Speaking at a CRISIL event in Mumbai, he said, “If the period between 1991 and 2014 was about putting down the foundations and building the runway the period from 2014 to 2024 has been about the aircraft taking off.” "In my view, the single most important catalyst enabling this take-off has been the quality of ‘governance’ that we have witnessed over the past decade, and the metrics speak for themselves. India’s fiscal investment has doubled, from 1.6% of GDP to 3.3% of GDP. Corporate Income Tax rates have fallen from 30% to 22%, creating headroom for corporates to invest and the current account deficit fell from 3.5% of GDP to 0.8% of GDP. These outcomes are fundamentally rooted in this government’s effectiveness in institutionalising policy for transforming our nation's landscape from one of the challenges to one of possibilities," he said.

#WATCH | Adani Group Chairman Gautam Adani says, "In my view, the single most important catalyst enabling this take-off has been the quality of ‘governance’ that we have witnessed over the past decade, and the metrics speak for themselves. India’s fiscal investment has doubled,… pic.twitter.com/rJNLW9Zv2l

— ANI (@ANI) June 19, 2024

At a function in Mumbai on Wednesday, Adani informed that Adani group will invest more than USD 100 billion (around Rs 8.34 lakh crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels.Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation.