The article details the significant rise of Gautam Adani, a close associate of Indian Prime Minister Narendra Modi, and his conglomerate, the Adani Group. The group's expansion into various sectors, including energy, transportation, and defense, has resulted in a market capitalization exceeding $200 billion. The Adani Group's influence extends globally, with operations or attempted operations in numerous countries.
The article highlights the controversies surrounding Adani's projects, including an indictment for bribery and concealment of information in the United States. These controversies have negatively impacted India's relationships with neighboring countries like Bangladesh and Sri Lanka, as well as other nations such as Kenya, where local resentment towards Adani projects has emerged.
The article notes Prime Minister Modi's active promotion of Adani's business interests internationally. This has been interpreted as a contributing factor to the negative repercussions experienced by India's foreign relations as a result of the controversy surrounding Adani's business dealings.
The Adani Group's presence extends to countries including Australia, Bangladesh, Greece, Indonesia, Israel, Kenya, Myanmar, Nepal, Sri Lanka, and Tanzania. However, the article suggests that the expansion hasn't been without its challenges and setbacks, with several projects encountering difficulties.