Gautam Adani is ready with 25 thousand cash, now preparing outside India

Delhi, May 22, 2024
Gautam Adani, the second richest man in India and Asia, is now focusing on expanding his business abroad. Adani Group has its eyes on three foreign ports and for this it has invested three billion dollars i.e. around (25 crores) rupees. 2,49,77,49,00,000 cash has been generated. The group wants a strong presence on the India-Europe corridor.

According to sources, the demand for import of iron ore and coal in the country is increasing while the export of finished goods is increasing. Adani Group wants to take advantage of this opportunity. It keeps an eye on three major ports in Europe, Africa and Southeast Asia. According to the Bloomberg Billionaires Index, Gautam Adani is the second richest person in Asia and India with a net worth of $104 billion. He is ranked 14th in the list of the richest people in the world.

Adani Group wants to increase its port capacity. At present, its container handling capacity is around 600 million metric tons per year. Its domestic capacity is around 420 million metric tons. The group plans to increase its capacity to 800 million metric tons in the next two years. For this, it has planned to buy several ports abroad. The group is considering increasing the revenue of the port. For this, it plans to expand its business in international trade, which is currently dominated by China. The share of international ports in the revenue of Adani Ports and Special Economic Zone (APSEZ) is currently 10 percent, which is targeted to be increased to 20 to 25 percent in the next three years.

Rahul Gandhi said that Modi wants only 22-25 people to become rich in the country and the rest remain poor. Loans of Rs 16 lakh crore of 22 people of the country were waived. (Google translation from Gujarati)