Make in India Big Thoughts, Bigger Actions – Taking Asia's Industry to the Next Level
India’s constant efforts to bring investment into the country has been making headlines. However, apart from foreign investment, upgradation and expansion of technology by domestic players is also required to fuel growth. In line with this, Chairman, Adani Group, Gautam Adani, whose Group is an Indian multinational conglomerate company, talks about how his Group is taking the ‘Make in India’ initiative to the next level.
PROCESS: Your company is known for its varied industries. How do see the growth of the company contribute to the growth of the Indian economy?
GAUTAM ADANI:The Group was created with a vision of ‘Nation Building’ by developing assets of national economic significance. This reflects in the choice of businesses the group has entered and developed over the years. The back-story to our success is the growth of India’s middle class. Their demand for goods and services places an evergrowing demand on the nation’s infrastructure, in terms of ports, power, water and transportation.
The opening up of the energy and infrastructure markets is a huge opportunity for Adani. Our coal mining, cargo handling and power generation activities are projected to increase four to 10 fold over the next decade. We are the largest private power producers in India with an installed capacity of 10,344 MW. And we are optimistic that the government will soon resolve the deadlock over fuel supplies and tariff matters in order to liberate this sector from uncertainties.
Similarly, APSEZ is also the leading private port company in the country with 95 per cent of India’s international trade coming through these ports. Our Group owns and operates seven ports and terminals—Mundra, Dahej, Hazira and Tuna Tekra, Kandla in Gujarat, Dhamra in Odisha, Mormugao in Goa and Visakhapatnam in Andhra Pradesh, India.
The Group is committed towards modernizing the agriculture sector and bringing food security with self-reliance through its three main agro verticals. One of them being Adani Wilmar Ltd, which is the 6th largest food company in India.
Our revenue for the last fiscal has grown over 10 billion dollars. We are keen to produce 20,000 MW, 200 million ton of coal and handle 200 million ton of cargo by the year 2020, a contribution to the ‘Make in India’ vision of the Prime Minister
PROCESS: Please elucidate on the current scenario for the power and renewable sector?
ADANI :The Indian power sector is experiencing a noteworthy change that is re-defining the industry outlook. Sustained economic growth continues to drive power demand in India. The Government of India's focus to attain ‘Power for All’ has accelerated capacity addition in the country. At the same time, the competitive intensity is increasing on both market side as well as supply side (fuel, logistics, finances and manpower).
During FY14, electricity production stood at 967 TWh. As of 2014, total thermal installed capacity stood at 168.4 GW, while hydro and renewable energy installed capacity totaled 40.5 GW and 31.7 GW, respectively. Nuclear energy capacity remained broadly constant at 4.8 GW from that in the previous year.
Indian solar installations were approximately 1,000 MW in 2014. In the future, we can also see that the wind energy market is expected to attract about `20,000 crore ($3.24 billion) of investments in the coming year, as companies across sectors plan to add 3,000 MW of capacity powered by wind energy.