Masterstroke by Gautam Adani as Adani Group to spend USD 100000000000 in next 5 years for...
In a major move, Gautam Adani, India's second-richest man, Friday, announced that his Adani Group conglomerate will spend a whopping $100 billion in capital expenditure over the next five years to boost India's industrial strength. 'It is with this conviction that we are preparing for our capital expenditures investment of nearly $100 billion over the next five years,' Adani said in his address at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery – Asia Pacific (SMISS- AP. How Adani Group plans to invest $100 billion?
Describing the commitment as 'unprecedented' in the history of India's private sector, Gautam Adani said the 'scale and pace of this investment and its commitment [is] unprecedented in India's private sector history. As we do our part for strengthening the very spine of India's rise, a spine that must be unbreakable, a spine that must carry 1.4 billion dreams, a spine that tells the world that India's rise is inevitable.' 'Had no degree, no job'
During his address, Gautam Adani reminisced his modest beginnings in the business space, saying that he had 'no degree, no job and no backup, except a burning desire to define my own path. I had nothing else.' The Adani Group boss said the money he made in the beginning 'never mattered but the moment did', as he underscored the need for self-belief over material wealth, asserting that 'entrepreneurship begins with a spark and with conviction.'
The veteran industrialist also spoke about the importance of strong leadership, saying that it was about 'restoring resilience'. 'Today, this shared metaphor will remind us both: the spine is both — a miracle and a corporate necessity.' Why Adani praised Dr Manmohan Singh?
Gautam Adani also praised the leadership of former Prime Ministers PV Narsimha Rao and Dr Manmohan Singh for opening India to the world in 1991 with liberalisation of the Indian economy. 'In 1991, we faced a dark period in India's history — with just ten days of foreign reserves left. But with the then leadership, PV Narsimha Rao and Dr Manmohan Singh, India opened doors to privatisation,' he said.
'Dreams aren't those we get when we sleep, but those that take our sleep away,' Adani signed off with a poetic quote to inspire young entrepreneurs.
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