Adani Group Considers Investing in Kazakhstan, Notes Its Transport Potential

ASTANA -Founding father of the Indian Adani Group, Gautam Adani famous Kazakhstan’s transport and logistics’ excessive potential and supplied to behave as a strategic companion in developing worldwide transport corridors working via the nation to extend its financial competitiveness, reported Kazakh Make investments Nationwide Firm’s press service.

The Kazakh delegation on the assembly with the Adani Group representatives. Photograph credit score: Kazakh Make investments press service.

The Kazakh delegation headed by Deputy International Minister Almas Aidarov went on a working go to to India on Nov. 17, the place they met Gautam Adani and different prime managers inside the Adani Group.

Aidarov highlighted the prospects of bilateral cooperation and invited the Indian tycoon to spend money on Kazakhstan’s transport and logistics, petrochemical, and vitality sectors.

“Kazakhstan is the chief within the influx of international direct funding within the area. It ensures safety, stability, and favorable situations to your funding initiatives. As well as, contemplating the present geopolitical state of affairs, a number of international corporations are revising their technique and operations within the area, which supplies us sure alternatives for growing new industries in Kazakhstan,” Aidarov stated.

Kazakh Make investments consultant to India, Olzhas Alipbayev, gave a normal overview of the nation’s funding local weather and the obtainable state help. Adani Group officers extremely appreciated Kazakh Make investments’s and Kazakh International Ministry’s help  in fostering funding cooperation.

The corporate already signed a memorandum of understanding with Kazakhstan when its representatives got here to the nation in August. One among Adani Group’s heads, Sandeep Mehta, additionally participated within the Kazakhstan International Funding Roundtable in October.

In line with Bloomberg, Adani Group is an Indian conglomerate based in 1988 by Gautam Adani, the world’s third richest man. The corporate includes 9 publicly listed corporations protecting vitality, airports, seaports and logistics, cement, mining and minerals, and fuel. 

In October 2022, the Group’s complete market capitalization exceeded $260 billion. Its annual income is over $20 billion, with a presence in over 50 international locations and greater than 23,000 employees.