Gautam Adani says got no special favours from Narendra Modi

Apr 27 2014, 13:24 IST
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Gautam Adani said he got no special favours from Narendra Modi and his group has since 1993 acquired only barren waste land for infrastructure projects Gautam Adani said he got no special favours from Narendra Modi and his group has since 1993 acquired only barren waste land for infrastructure projects
SummaryGautam Adani said he got no special favours from Narendra Modi and his group has since 1993 acquired only barren waste land for infrastructure projects

been developed with all facilities like road and electricity," he said.

He said Modi, who is BJP's Prime Ministerial candidate, is helping industries through policy. "Modi government has not flouted any rule or regulation to help anyone. No special favours have been granted to Adani."

Adani Group, he said, has worked with state governments in Rajasthan, Maharashtra, Chhattisgarh, Odisha and Haryana for acquiring land for projects.

A school dropout, Adani moved to Mumbai at the age of 16 to try luck. He initially dabbled in diamond trade before returning to his home state Gujarat to run a small plastic factory owned by his brother.

Eventually, he set up his own import and export business, Adani Enterprises in 1988. Few years later he borrowed heavily and invested in Mundra's vast swathes of marshy wasteland to build India's largest port.

In Mundra, Adani also built India's largest privately- owned power plant, producing 4,620 MW of power, and a 64-km railway connecting the port to railway network.

Adani has also gone abroad, including buying mines, ports, and railways in Australia and Indonesia.

Adani plans to double his group size by 2020. Mundra port capacity will be doubled to 200 million tons; electricity generation capacity will be raised from 8,620 MW to 20,000 MW and the group will mine 200 million tons of coal.

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