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We Do Business In 22 States, Not All Are With BJP

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Gautam Adani stated his firm solely takes up tasks through clear bidding.

New Delhi:

The world’s third-richest man, Gautam Adani, has advised India TV in an unique interview that criticism of his fortune being fuelled by his shut hyperlinks to Prime Minister Narendra Modi stands disproved as a result of he works with a slew of opposition-ruled states. “We want to make maximum investments in every state… Adani group is really happy that today it is working in 22 states, and all these states are not BJP-ruled… I can say that we do not have any problem with any state government. We are working even in Left-ruled Kerala, in Mamata didi’s West Bengal, in Naveen Patnaik ji’s Odisha, in Jaganmohan Reddy’s state, even KCR’s state.”

Mr Adani appeared on Aap Ki Adalat, hosted by Rajat Sharma. The 60-year-old stated, “I want to tell you that you can never get any personal help from Modi ji. You can speak to him about policies in the national interest, but when a policy is framed, it is for all, not only for the Adani group,” he added.

Mr Adani additionally stated that there’s a misperception about his multi-billion-dollar group being heavily leveraged, leaving banks and the financial savings of extraordinary folks susceptible. “In the last seven-eight years, our income has gone up by 24 per cent, while our loans have increased by 11 per cent,” he stated, including, “Our assets are four times our borrowings.”

Mr Adani defined within the 90-minute present that he believes that opposition chief Rahul Gandhi’s repeated allegations of crony capitalism in opposition to him are “part of the business of politics”. He cited the instance of Rajasthan, which is ruled by Mr Gandhi’s Congress social gathering.

“Investment is our normal programme. I had gone to the Rajasthan investors’ summit at the invitation of Chief Minister Ashok Gehlot. Later, even Rahul (Gandhi) ji praised our investment in Rajasthan. I know Rahul’s policies are not anti-development,” he added, referring to his Rs 68,000 crore funding within the desert state.

Mr Adani stated critics who say his relationship with PM Modi has yielded a windfall overlook the truth that his success started when the Congress was in control of the nation.

“I got three big breaks in my life. First, in 1985 during Rajiv Gandhi’s rule, when Exim policy allowed our company to become a global trading house. Second, in 1991, when PV Narasimha Rao and Dr Manmohan Singh opened up the economy, and we entered into public-private partnership mode,” he stated.

“And third, during Narendra Modi’s 12-year-long rule in Gujarat… I can say with pride that it was a very good experience.” He stated he wished to emphasize that “Gujarat is investor-friendly, not Adani-friendly.”

In the final yr, Mr Adani’s wealth has grown more than that of any other billionaire. His group is value $200 billion and consists of inexperienced vitality, ports, mines, airports, and big infrastructure tasks. Mr Adani stated his firm has by no means landed a deal with out bidding for it and due to this fact, there is no such thing as a query of it getting particular therapy.

“We did not get a single project without bidding. Our Adani group has this philosophy of not touching any project without bidding, whether it is a port, an airport, roads or a power house. There is not a single allegation that we ‘managed’ bidding. Even Rahul Ji has not levelled any allegation about tampering with the bidding process,” he stated.

When requested to reveal his method for fulfillment, Mr Adani saved it easy: “mehnat, mehnat, mehnat(onerous work, onerous work, onerous work).”

Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

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