Adani Group to invest over $100 billion in next decade : Gautam Adani at Forbes Global CEO Conference 2022

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 Indian billionaire Gautam Adani, Chairman of Adani Group, having interests in ports, airports, green energy, cement, data centers and more, recently surpassed Jeff Bezos, Bernard Arnault and Bill Gates to become the world’s second wealthiest person with a fortune of $143 billion. Today, the combined market capitalization of the group’s listed companies is around $260 billion. Delivering the keynote address at the 20th Forbes Global CEO Conference 2022, held in Singapore, September 26–27, Adani shared his vision for India and its rising role in the global economy.

He said that “as a group, we will invest over $100 billion of capital in the next decade”.
“We all realize that the last few decades have been a time of remarkable economic growth for the world. In this context the conference theme “The Way Forward” is fascinating. Because the lenses through which – you and I – define “the way forward” may not be the same anymore. 
In my view, globalization is at an inflexion point. It will look very different from what we had come to accept in a largely unipolar world,” Gautam Adani said.

Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, 
27th September as the ports-to-energy conglomerate accelerates an already aggressive expansion plan. After founding the group in 1988 as a commodities trading business, the 60-year-old has ventured into multiple sectors, mainly in the infrastructure space and in line with the priorities of the Government of Prime Minister Shri Narendra Modi.

Adani said his group was India’s largest airport operator with 25% of passenger traffic and 40% of air cargo. It is also the largest ports and logistics company in India with a 30% market share.

Source: DTS

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