Adani group to invest $10 bn in U.S. energy, infra projects: Gautam Adani

Adani Group chairman Gautam Adani on Wednesday congratulated President-elect Donald Trump on his win against Democratic candidate Kamala Harris in the U.S. Presidential Elections 2024. The billionaire business magnate said that the power-to-port conglomerate will invest $10 billion in energy and infrastructure projects in the United States, aiming to create up to 15,000 jobs.

“Congratulations to @realDonaldTrump. 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 U.S. energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,” Adani says in a post on platform X.

Earlier on November 6, Gautam Adani congratulated Donald Trump after the Republican candidate secured victory in 2024 U.S. presidential election. In his congratulatory message, Adani called him the “embodiment of unbreakable tenacity.” 

“If there is one person on Earth who stands as the embodiment of unbreakable tenacity, unshakeable grit, relentless determination and the courage to stay true to his beliefs, it is Donald Trump,” said Adani in his post on platform X.

“Fascinating to see America’s democracy empower its people and uphold the nation's founding principles. Congratulations to the 47th POTUS-elect,” the industrialist said.

Trump secured an astounding victory over Democratic Party candidate Kamala Harris in the U.S. Elections 2024 as all seven swing states including Pennsylvania, Georgia and North Carolina voted in his favour.

According to Moody’s, the second Trump administration could affect global credit and economic dynamics through changes in US foreign and trade policies. “In the Asia-Pacific region, trade and investment flows might be further diverted away from China as the U.S. tightens investments in strategic sectors, which would negatively affect China’s economy and consequently dampen regional growth. However, this shift might benefit India and ASEAN countries,” the credit rating agency says. Continued U.S.-China polarisation also risks exacerbating geopolitical divisions in the region, increasing risk of disruption to the global supply of semiconductors, says Moody’s.