- Adani Group announces a $10 billion investment in US energy security and infrastructure projects, aiming to create up to 15,000 jobs.
- The investment aligns with President-elect Donald Trump’s energy policies, focusing on boosting energy production and infrastructure development.
Gautam Adani, Chairman of the Adani Group, announced on Wednesday, November 13, 2024, that the Indian conglomerate will invest $10 billion in energy security and infrastructure projects in the United States. This significant investment is part of Adani’s strategy to expand the group’s global footprint, particularly in the energy sector.
In a post on social media platform X, Adani revealed that the investment would create up to 15,000 jobs in the US, signalling the company’s commitment to strengthening its operations and partnerships in the country. However, no specific timeline for the projects was provided. The announcement comes amid growing economic and geopolitical ties between India and the United States, with both countries looking to deepen their strategic partnership in areas like energy and infrastructure.
Adani’s post congratulated US President-elect Donald Trump on his election victory, noting the alignment between the Adani Group’s plans and Trump’s energy agenda. Trump, who has made energy independence a key focus of his administration, has pledged to make it easier for energy companies to drill on federal lands, build new pipelines, and reduce regulatory barriers. His administration aims to boost US energy production, particularly oil and gas, and speed up permitting processes for energy infrastructure projects.
“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 investing $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,” Adani wrote on X.
This announcement also coincides with the Adani Group’s broader international expansion strategy. According to a Reuters report, the conglomerate plans to set up 10 gigawatts (GW) of hydroelectric projects in several countries over the next few years. These projects will be in Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam. The group’s push into renewable energy and infrastructure projects abroad underscores its ambition to be a key player in global energy markets.
The US investment is expected to focus on energy security, building resilient infrastructure, and supporting sustainable energy initiatives, aligning with Adani’s business goals and broader global energy trends. The commitment to creating thousands of jobs also highlights the economic impact the Adani Group seeks to have in the US, boosting local economies while advancing the energy transition.