The Adani Group has always been interested in taking up numerous projects abroad. This is seen as an attempt made by the conglomerate towards expanding its reach throughout the globe. Over the years, the business group has been working on numerous projects in different corners of the world like Australia, Bangladesh, Sri Lanka, and Indonesia. As per Adani latest updates, the Chairperson and Founder of the Adani Group, Gautam Adani, has been in conversation with the Prime Minister of Vietnam, Pham Minh Chinh, regarding the development of new projects in Vietnam. This is yet another major step taken by the Adani Group to expand its territories further and come up with new ventures.
What Does the Vietnam PM Have to Say About Adani’s Investments in Vietnam?
The Prime Minister of Vietnam, Pham Minh Chinh, has recently been in a conversation with the Adani Group chairman, Gautam Adani, to explore the opportunities of an investment of around 10 billion USD, which is expected to be made in the various infrastructural and renewable energy projects in Vietnam over the next ten years. The Vietnam government considered the Adani Group to be one of the strongest contenders for implementing the various phases of the projects, which is why it has been discussing the scope of implementation of various projects with the Chairperson of the biggest infrastructural conglomerate in India.
PM Pham Minh Chinh mentioned in a recent interview that he will always welcome large Indian groups to make investments in some of Vietnam’s strategic areas, like renewable energy and infrastructure. As you know, the Adani Group already has an extraordinary hold over these two sectors. It has already been working on numerous projects in the infrastructure and renewable energy sectors both in India and abroad. With the expertise that the conglomerate has in these sectors, it will easily be able to implement various infrastructure and renewable energy projects in Vietnam. This will offer Vietnam extraordinary opportunities for growth. It will also welcome other large Indian groups to make strategic investments in various projects that are about to take place in Vietnam.
How Has the Adani Group Responded to The Offer?
Gautam Adani has strongly praised the Vietnam PM’s investment climate and plans to introduce his cooperation strategy in South Asia. He has agreed to make a total investment of around 10 billion USD over the next decades in some of the major sectors, including logistics, seaports, infrastructure, and renewable energy. The company will also put its special focus on the Lien Chieu port project, which is located in the central coastal city of Da Nang.
Gautam Adani has recently announced in an interview that these sectors in which the conglomerate plans to invest align with the development strategy of Vietnam. The PM of Vietnam has also suggested that the Adani Group make use of advanced, innovative, and clean technologies for the implementation of its project. It is also looking up to the Adani Group for modern management of the various projects. The PM has asked Gautam Adani to coordinate with the Vietnamese ministries, localities, and sectors to implement the port project.
The PM has also requested that the Adani Group look into the scope of investment in Chu Lai airport. By expanding the airport, Vietnam will be well-connected to the different regions across the globe. It will be able to accommodate more footfall and cargo. The expansion of the airport is going to open up various trading routes to Vietnam. A lot of businesses will also start to operate in the country, leading to its overall growth and prosperity.
According to Adani latest updates there has been a lot of talk between Gautam Adani and the Vietnamese PM on the building of innovative renewable energy projects across the country. The Prime Minister has ascertained that Vietnam is going to create favourable conditions for the Indian business group to work on different projects and make sustainable investments in the country. This is also going to impact the trade relationships between the two countries positively and will lead to comprehensive strategic partnerships. Both nations will benefit from the investments being made by the Adani Group in Vietnam’s projects.
With the upcoming projects in Vietnam being operational, Adani Group will be able to expand its hold over the port and airport sector. It will also take the conglomerate one step closer to its dream of leading our world towards a cleaner future.
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