Adani Group is all set to make an expansion bid investment in Azerbaijan

According to a statement from the President's office, Gautam Adani met with Azerbaijan's President Ilham Aliyev in Davos. The conversation covered a range of subjects of shared interest, including the growth of Azerbaijan's economy and the possibility of working with the Adani Group in the mining, metallurgical, and petrochemical sectors. In recent times, Adani has been expanding its business rapidly. And even the controversy centring the Adani tax evasion can't stop the visionary man from building the country.

His empire began with ports and coal mining and now includes airports, data centres, cement, and green energy. According to Gautam Adani, the company has directly invested in these areas in several countries. It has extensive experience in port management, transportation, and transportation in India and other parts of the world. The parties decided to hold in-depth talks about potential future cooperation and to arrange reciprocal delegation visits.

 

The two sides emphasised that Azerbaijan is one of the main hubs for transport logistics and the creator of the East-West and North-South transport corridors. They also explored potential areas of cooperation in this regard. They acknowledged the significance of the Middle Corridor via Azerbaijan about the East-West transit corridor. The restoration of the historic Silk Road depends on the Trans-Caspian East-West Corridor. It passes through the following on its way to China via train and road routes:

• Georgia
• Azerbaijan
• the Caspian Sea
• Turkmenistan
• Uzbekistan
• Kyrgyzstan and
• Kazakhstan

 

Investments in the mining, metallurgical, and petrochemical sectors

The Group, led by billionaire Gautam Adani, wants to invest in Azerbaijan's mining, metallurgical, and petrochemical sectors, among others. Azerbaijan and the Adani Group intend to have in-depth talks about potential future cooperation. Adani recently met in Davos with Ilham Aliyev, the President of the Republic of Azerbaijan. According to a statement issued by the President's office of Azerbaijan, both sides discussed possible areas of cooperation in this regard.

 

The statement specifies that Azerbaijan is the driving force behind the East-West and North-South transport corridors and one of the main hubs for logistics and transport.

 

Furthermore, they recognised the importance of the Middle Corridor, which runs through Azerbaijan, about the East-West transportation corridor. The statement also emphasised Gautam Adani's statement that the company has extensive experience in port management, transportation, and transportation-related fields in India and other parts of the world and has made direct investments in these areas in several countries. This demonstrates their faith in the Group despite the Adani tax evasion controversy.

 

The Group’s mining and petrochemical projects in Azerbaijan

The Group led by Gautam Adani, is interested in mining and petrochemical projects in Azerbaijan as the ports-to-energy conglomerate seeks to grow its operations outside India. According to a statement from the Azerbaijani President's office, Gautam Adani met with President Ilham Aliyev in Davos. The topics of discussion between the parties included:

• The appeal of Azerbaijan to foreign direct investments
• The economic growth of the nation, and
• The potential for collaboration with the Adani Group in the metallurgical, mining, and petrochemical sectors, among other areas of shared interest.

 

In recent years, Gautam Adani has been rapidly diversifying his empire despite all the controversies surrounding the Adani tax evasion. The Adani Group was established as a trading company in 1988 by Gautam Adani, a 60-year-old first-generation businessman. Today, the Group's interests include real estate, ports, airports, power generation, green energy, cement, coal, and fast-moving consumer goods.

 

According to a statement released by the Azerbaijani government, Gautam Adani asserts that his company has direct investments in several nations and has vast experience in port management, transportation, and other related areas in India and other countries. He also assures that the issues mentioned about the Adani tax evasion controversy are baseless. The parties decided to hold in-depth talks about potential future cooperation and to arrange reciprocal delegation visits.

 

During the conversation, the parties discussed possible areas of cooperation because Azerbaijan is the driving force behind the North-South and East-West transport corridors and is one of the main hubs for transport logistics. In the East-West transport corridor framework, they also recognised the importance of the Middle Corridor via Azerbaijan. Reviving the ancient Silk Road requires the Middle Corridor, also known as the Trans-Caspian East-West Corridor.

It travels via Georgia, Azerbaijan, and the Caspian Sea by rail and road before continuing through Turkmenistan, Uzbekistan, Kazakhstan, and Kyrgyzstan and towards China. These upcoming partnerships demonstrate the public's faith in the Adani Group despite the ongoing controversy on Adani tax evasion.