India 'port tycoon' Adani to spend $7bn for infrastructure crown

Ties to Prime Minister Modi help forge an empire covering sea and air

20201216 mumbai airport

Adani Group runs Chhatrapati Shivaji Maharaj International Airport in Mumbai. (Photo courtesy of the airport)

AKIRA HAYAKAWA, Nikkei staff writer

TOKYO -- Gautam Adani, founder and chairman of India's Adani Group, has a knack for fostering connections that pay off sooner or later. Now the entrepreneur is about to see those connections make him the country's top operator of sea ports and airports.

The up-and coming conglomerate recently announced plans to spend 500 billion rupees ($6.8 billion) over the next five years, which would make it a leader in the country's infrastructure industry. The group already runs 10 ports and container terminals throughout India. Now it plans to invest 350 billion rupees in airports, with the rest going to roads and data centers.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.