India's Adani Group Plans $10B Investment in American Energy

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Adani Group,Trump,Energy Security

Gautam Adani, founder and chairman of Indian industrial conglomerate Adani Group, said in a social media post platform X on Wednesday that the company will invest $10 billion in energy and infrastructure projects in the United States.

Adani has revealed that his company also aims to create up to 15,000 jobs in the country, but did not give the time period or details of the projects. “Congratulations to realDonaldTrump. As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,” Adani wrote on X.

'We are gradually paying the dues and will take alternative measures if anyone stops the supply. We will not let any power producer hold us hostage,' Muhammad Fauzul Kabir Khan, power and energy adviser in Bangladesh's caretaker government, told Reuters. Adani Group shares have rebounded, and have returned 30% in the year-to-date.

 

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