Indian billionaire Gautam Adani, head of the Adani Group, has committed $10 billion to U.S. energy and infrastructure, aiming to create 15,000 jobs, following Donald Trump’s election win.
Although Adani highlighted the strong U.S.-India partnership in his announcement, project specifics are yet to be disclosed.
Founded in the 1980s as a commodity trading firm, the Adani Group has expanded into sectors like energy, logistics, and defense, with a market value surpassing $200 billion. Adani’s statement aligns with the American Petroleum Institute’s call for Trump to roll back environmental policies to protect jobs and energy security. Trump has similarly vowed to increase U.S. oil and gas production, rolling back Biden’s climate-focused Inflation Reduction Act.
Meanwhile, the Adani Group has aggressively grown its renewable energy portfolio, with plans to expand from 11.2 GW to 50 GW by 2030 and to develop hydroelectric projects abroad. However, in 2023, Hindenburg Research and OCCRP alleged Adani of stock manipulation, claims the conglomerate denies, linking them to “Soros-funded interests” and various international organizations
