The Adani Group’s journey began more than three decades ago when the Congress’s Rajiv Gandhi was Prime Minister, he said.
New Delhi: Industrialist and Adani group chairman Gautam Adani on Wednesday said the growth of his business empire could not be linked to any one political leader, dismissing charges of benefitting from his ties with Prime Minister Narendra Modi.
The Adani Group’s journey began more than three decades ago when the Congress’s Rajiv Gandhi was Prime Minister, he said.
“Prime Minister Modi and I are from the same state. That makes me the easy target of such baseless allegations… It is unfortunate that such narratives are being pushed against me,” he said in an exclusive interaction with India Today.
“These allegations suffer from recency bias, seeing our group’s success through a short-term lens. The fact of the matter is that my professional success is not because of any individual leader but because of the policy and institutional reforms initiated by several leaders and governments during a long period of over three decades,” Mr. Adani added.
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Crediting the LPG policy introduced in 1991 Mr. Adani said: “The second big push I got was in 1991 when the duo of Narasimha Rao and Manmohan Singh initiated sweeping economic reforms. Just like many other entrepreneurs, I too was a beneficiary of those reforms.”
The business tycoon ascribed the “third turning point” of his career to the 1995 election of BJP’s Keshubhai Patel as the Chief Minister of Gujarat and a focus on coastal development that led to him building his first port in Mundra.
Lauding PM Narendra Modi’s development initiatives in Gujarat as the chief of the state, he said: “The fourth turning point was in 2001 when Gujarat witnessed a massive focus on development under Chief Minister Narendra Modi.”
“His policies and their implementation went on to not only change the economic landscape of the state… it also allowed industries and employment to take off like never before,” Mr. Adani said.
The Congress party has time and again alleged PM Narendra Modi of having a biased approach towards Mr. Adani.
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