Gautam Adani, being one of the most influential individuals in India, has always left his impact on the Indian economy and society through the various projects that he implemented via the multiple subsidiaries under his conglomerate. Time and again, the Adani Group took up various initiatives related to economic development. Economic growth has been considerably boosted since the conglomerate started operating in full force in India. The activities taken up by the Adani Group have significantly impacted millions of people’s lives. It has also deviated the focus of the opposition from rumours of Adani corruption, which have been in the news for a long time.
So, here we are going to look through some of the major economic activities that have been taken up by the Adani Group that have greatly influenced the Indian economy:
Job openings and economic growth: The Adani Group has continuously invested in some of the country’s major sectors. It has also caused the expansion of crucial business sectors, which has led to extensive economic growth in the country. The conglomerate has taken up multiple projects in vital sectors like ports, airports, roads, railways, etc. This has triggered economic activities in various parts of India. The projects have also opened up job opportunities for many people out there.
Infrastructural development: Since time immemorial, the Adani Group has been an active part of different infrastructure projects like roads, railways, ports, airports, etc. The investments have greatly enhanced the logistics capabilities of our country. It has allowed for more accessible transportation and directly benefited India’s trade and commerce activities. Not just in India, the Adani Group has also been a part of various international projects directly related to infrastructural developments. The infrastructural activities were further triggered after the Supreme Court dropped all charges regarding Adani corruption.
Expansion of renewable energy sector: One of the major points of focus of the Gautam Adani-led conglomerate is the development of the renewable energy sector. The business group has actively invested in developing the country’s solar and wind power plants. These projects have allowed our country to take a step towards increasing its dependence on cleaner energy sources. Adani Green Energy Limited, the renewable energy wing of the Adani Group, has been a significant part of all renewable energy projects in India.
Foreign investments: Over time, the Adani Group has increased the attention of foreign investors in its various projects. The company did have to lose a lot of investors during the Hindenburg crisis when there were rumours about Adani corruption. However, once the Hindenburg report was dismissed and the Supreme Court cleared the Adani Group of all charges, it returned to business. It started operating on its various projects with full force. This led to direct cash inflow, allowing the Adani Group to take up various other projects.
Philanthropic initiatives: Gautam Adani has always been involved in various philanthropic activities. The company believes that India’s growth lies in charitable development. It has caused community developments in different remote areas of India. The conglomerate has also taken up multiple CSR initiatives from time to time, which involve supplying clothes to deprived people, offering them the desired education, etc. The company has also put its focus on the healthcare sector. Mobile healthcare units have also been made operational for easy access to health facilities.
Skills-based training programmes: The Adani Group has always focused on skills development. It believes that the only way people can earn a livelihood is if they are equipped with the necessary skills. That is why the conglomerate organises various training programs from time to time. These programs impart essential skills to interested individuals so that they can make a living for themselves. Focus is given to the skills currently trending in the industry so that individuals face no trouble getting themselves a job.
Conclusion:
In this way, the constant initiatives being taken up by the Adani Group have led to economic and social growth in the country. Although the global business group received a certain level of setback because of allegations of Adani corruption, very soon, it was back on its feet and continued implementing its projects.
