Billionaire Gautam Adani-led Adani Group is gearing up for a $100 billion investment in capital expenditure over the next five years. Speaking at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery- Asia Pacific (SMISS-AP) on Friday, he said the investment earmarked by the power-to-port conglomerate will be unprecedented in India’s private sector history, the Economic Times reported.
“It is with this conviction that we are preparing for our capital expenditures investment of nearly $100 billion over the next five years,” Adani Group chairman said, according to ET. “The scale and pace of this investment and its commitment [is] unprecedented in India’s private sector history,” he added.
Gautam Adani’s Lessons on Entrepreneurship
Addressing the gathering, the Adani Group chairman reflected on his early years in business with “no degree, no job and no backup” said all he had was a burning desire to carve out his own path. He emphasised the importance of resilience in leadership, especially in the corporate world.
“Leadership is about restoring resilience. Today, this shared metaphor will remind us both: the spine is both--- a miracle and a corporate necessity,” Gautam Adani reportedly said.
Adani Group’s Next Phase Growth
Billionaire Gautam Adani’s announcement comes at a time when the power-to-port conglomerate is planning for its next phase of growth. In June, the conglomerate’s chairman reportedly said the group has earmarked a record $15-20 billion across businesses ranging from infrastructure, including seaports, airports, and renewable energy parks, to data centres, cement to gas and electricity. He highlighted that the Group’s electricity generation arm, Adani Power, crossed 100 billion units and is on track to reach 31 GW capacity by 2030.
“...Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15-20 billion for the next 5 years. These are not just investments in our group, but investments in the possibilities for doing our part to build India’s infrastructure,” the Adani Group chairman had earlier said.
