November 14, 2024

Adani Group To Invest $10 Billion In US Energy Security And Infrastructure Projects, Aims To Create 15,000 Jobs

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Adani Group chairman Gautam Adani on Wednesday (13 November) announced that the conglomerate will invest $10 billion in energy security and infrastructure projects in the United States.

In a post on social media platform X, Adani said that the projects would create up to 15,000 jobs.

The Adani Group head announced the investment, with no specific timeline, while congratulating US President-elect Donald Trump on his election win.

Trump has vowed to make it easier for energy companies to drill on federal land and build new pipelines. He has promised to overhaul US energy policy, with an aim of maximising the country’s already record-high oil and gas production by rolling back regulation and speeding up permitting.

“Congratulations to Donald Trump. 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 in a post on X.

This also comes amid the Adani Group’s plans to set up 10 GW of overseas hydroelectric projects over the next few years, according to a Reuters report. The report added that the group is looking to build such projects in Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam.

Also Read: First US Hindu Congresswoman Tulsi Gabbard To Lead Intelligence Agencies In New Trump Administration— All You Need To Know

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