Gautam Adani, Asia's Richest Man, Sees An "Indian Summer" After Snowless Davos
NDTV
"If we look at history, the countries that rose to economic and geopolitical prominence had their governments and businesses working closely towards a common vision," Gautam Adani said after attending the World Economic Forum in Davos.
Gautam Adani, the Indian tycoon who is now Asia's richest person, called on his government to align with local businesses and seize the opportunity as China slows and global alliances fracture.
"If we look at history, the countries that rose to economic and geopolitical prominence had their governments and businesses working closely towards a common vision," Adani said in a LinkedIn post Friday after attending the World Economic Forum in Davos. Geopolitical relationships are now issue-based rather than allegiance-based and nations' need for energy security will determine climate investments, he wrote.
Adani is putting his money where his mouth is. His conglomerate is aligning itself to one of the biggest tailwinds behind Prime Minister Narendra Modi, by pledging more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy. Rival Mukesh Ambani has made multi-billion-dollar commitments too, following PM Modi's surprise pledge at COP26 for the nation to touch net-zero carbon emissions by 2070.
Highlighting that there was less snow at Davos this year and only one Group of Seven leader bothered to attend, Adani reiterated that the world has changed and the rules got rewritten.