Adani Group’s journey began three decades ago when Congress’s Rajiv Gandhi was Prime Minister.
New Delhi: Industrialist and Adani Group chairman Gautam Adani on Wednesday said the growth of his business empire cannot be linked to any political leader, dismissing allegations of profiting from his ties to Prime Minister Narendra Modi.
Adani Group’s journey began three decades ago when Congress’s Rajiv Gandhi was Prime Minister.
“Prime Minister Modi and I belong to the same state. That makes me an easy target for such baseless allegations… It is unfortunate that such a story is being pushed on me,” he said in an exclusive interaction with India Today.
“These allegations suffer from recency bias when looking at our group’s success from a short-term perspective. The fact is that my business success is not due to any one leader but to the policy and institutional reforms initiated by many leaders and governments over three decades,” added Mr. Adani.
Crediting the LPG policy introduced in 1991, Mr. Adani said: “I got another big shock in 1991 when the duo of Narasimha Rao and Manmohan Singh initiated major economic reforms. Like many other entrepreneurs, I too was a beneficiary of those reforms.”
The business tycoon marked the “third turning point” of his career with the election of Keshubhai Patel of the BJP as Gujarat Chief Minister in 1995 and a focus on coastal development that led him to build his first port at Mundra.
Appreciating Prime Minister Narendra Modi’s development initiatives in Gujarat as head of the state, he said: “The fourth turning point was in 2001 when Gujarat focused heavily on development under the leadership of Chief Minister Narendra Modi.”
“His policies and their implementation are changing the economic landscape of the state… thus industries and employment are also taking off like never before,” Mr Adani said.
The Congress party has repeatedly accused Prime Minister Narendra Modi of taking a biased view of Adani.
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