Gautam Adani credits governance as ‘single most important catalyst’ for infrastructure growth post 2014

Adani Group Chairman Gautam Adani on 19th June compared the Indian Economy during the term of the Modi government to an aircraft taking off, while saying that the period before that since 1991 was about building foundations and the runway. He said at the event, “almost every foreign visitor that I meet these days talks about the extraordinary infrastructure growth they see in India be it the quality of the multi-lane highways, the massive construction projects all over the country, access to ports across the nation’s coastline, the rapid penetration of green energy, a world class and modern transmission grid, dedicated freight corridors, the quality and access to airports across the country, several new metro rail networks, and the massive trans-sea links.” He also said that Indian govt has transformed the financial system in with digital economy. This system has democratized access to financial services to such an extreme level that it has allowed even the previously unbanked population to participate in the digital economy.” Echoing the Modi government’s target of Indian economy, Gautam Adani said that India will become a 10 trillion-dollar economy by 2032, adding that cumulative spend on infrastructure will exceed 2.5 trillion-dollars. AI revolution depends on machine learning algorithms, natural language processing, computer vision, deep learning and a host of other functions, all of which depend on the ability to process data at unprecedented speed and scale – capabilities that data centres provide.” He said that the data centres need massive amounts of energy making the data centre business the largest energy consuming industry in the world, elaborating how the group’s investments in energy and data centres are complimentary. Gautam Adani said, “The fact is that the infrastructure required for energy transition and infrastructure required for digital transformation are inseparable as the technology sector becomes the largest consumer of precious green molecules.