“This century belongs to India,” Adani stated late Wednesday in an interview with the local news station India Today. The first-generation entrepreneur also views India as a green hydrogen exporter, citing a government production-linked incentive plan as making the firm practical and appealing.
Given India’s vast middle class and young population, Gautam Adani predicts the country will add a trillion dollars to its GDP every 12 to 18 months over the next decade.
Adani has been on a purchasing frenzy over the last year, acquiring businesses in cement, media, and an Israeli port. This year, he’s been Asia’s busiest dealmaker, adding at least $40 billion to his fortune while extending his empire. This is despite the fact that other billionaires have lost money.
The quick pace of expansion, on the other hand, has raised worries, with analysts underlining the increasing leverage and financial complexity that has gone with the asset grab.
“Our profit has grown at twice the rate of our debt over the last nine years,” Adani added in the interview. “As a result of this, our debt-to-Ebitda ratio has dropped from 7.6 to 3.2, which is very healthy for a large group where the majority of the companies are in the red.”
Adani further stated that his most recent acquisition, New Delhi Television Ltd., will maintain editorial independence. Adani’s corporate strategy has frequently aligned with the Modi government’s goals and nation-building priorities.
“In terms of editorial independence, let me state unequivocally that NDTV will be a credible, independent global network,” Adani said during the interview.
