Adani Group Plans to Start Policy Think Tank to Trigger Business Growth

The Adani Group, a remarkable conglomerate led by Gautam Adani, is currently on its journey towards setting up a think tank that will foster policy thinking in three critical areas of global importance: energy transition and climate change, geopolitics and strategic affairs, and economics and trade. The think tank will be named The Chintan Research Foundation. It will be incubated with initial funding of INR 100 crore. With this funding; the Adani Group will easily be able to rise above rumours of Adani shares overleveraged.

The Competition with ORF:

The move taken up by Gautam Adani to fund a think tank will help the Adani Group enter into direct competition with the Observer Research Foundation or ORF, a RIL-backed think tank founded in 1990. The think tank is based in New Delhi. Over the years, ORF has emerged as one of India’s most high-profile think tanks because of its impeccable performance in multiple business areas. The think tank of RIL works in collaboration with the Ministry of External Affairs. It also organises The Raisina Dialogue, a flagship geoeconomics and geopolitics conference.

The Major Reason Behind Starting a Think Tank in India:

The primary reason behind developing a think tank is to build a Research Foundation with a place of its own among other global think tanks. The foundation will function independently of the Adani Group. It will also have a governance structure that will be designed in such a way that it is going to safeguard the autonomy of the company. Currently, interview and screening processes are underway to select the chairperson, advisory board members, and foundation researchers. The foundation will be headquartered in Delhi. There are plans to create outposts in London and Washington and expand its boundaries further.

The think tank will boost the Adani Group’s business in multiple ways. It will allow the firm to develop exceptional ways to build its reputation in the dynamic business landscape. The company will be able to further diversify its portfolio and venture into new business sectors that might be profitable for the company in the long run. By investing more in research and innovation, the company can streamline its various operations and gain maximum profits. The company will also be able to develop various automation strategies that will give the business operations an excellent boost. The firm will also be able to rise above the challenges brought about by accusations that Adani shares overleveraged.

Adani Group’s Involvement in Research:

The Adani Group has always been a great supporter of research activities. Time and again, it has funded research in different fields. The company has also used innovation in various stages of the project development process. The Adani Group has recently partnered with The Science Museum in the UK and opened a new gallery called the Adani Green Energy Gallery. This gallery is a trademark of Adani Group’s interest in research and innovation. Besides the green energy gallery, the Adani Group has also been actively promoting research and innovation in various fields like cement, ports, coal, power, FMCG, etc. The company also plans to venture into new business sectors and create an extraordinary place for itself in the business world.

Gautam Adani’s Position as A Global Business Leader:

Gautam Adani is currently one of the most prominent global business leaders. The billionaire has been a part of some of the biggest business ventures, allowing him to gain an excellent reputation. Gautam Adani has also been able to get back to the Bloomberg Billionaires Index this year. He has also been able to replace India’s richest man, beating Mukesh Ambani, the Chairman of Reliance Industries Limited. This is the first time Gautam Adani got back to his initial position of being one of the wealthiest men in India after the Hindenburg Crisis. This shows the strong resilience of the global business tycoon. It also reflects the Adani Group’s commitment to bringing about change in the world.

Conclusion:

Despite Adani shares overleveraged rumours, the Adani Group never stopped itself from achieving its dream of becoming a global leader in this business world. With this think tank, the firm will further bring about innovation in its business operations and reach the peak of success in no time.