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India’s Adani Group mulls US$10 billion long-term investments in Viet Nam
VGP - Chief Executive Officer of the Adani Ports and Special Economic Zones, under Adani Group, Karan Adani, committed to investing US$10 billion in Viet Nam.
Prime Minister Pham Minh Chinh (R) hosts a reception for Chief Executive Officer of the Adani Ports and Special Economic Zones, under Adani Group, Karan Adani, Ha Noi, May 24, 2023 - Photo: VGP
Karan Adani made that pledge during his meeting with Prime Minister Pham Minh Chinh in Ha Noi on May 24.
The investment capital will be channelled not only to port and logistics but also energy and digital technology, noted Karan Adani, adding that the group expects to build a port eco-system in a green manner and invest in wind and solar power plants, valued around US$3 billion, in line with the Southeast Asian nation's development strategy.
Pham, for his side, said that Viet Nam welcomes partners, including India, to pour investment in infrastructure development, particularly strategic projects in the country, including transport, energy, digital, and climate-change adaption infrastructures.
There are ample opportunities for India–Viet Nam economic cooperation, the Prime Minister said, urging both sides to make breakthroughs in economic ties to commensurate with their Comprehensive strategic partnership.
Viet Nam is willing to facilitate Indian groups and corporations, including Adani Group to operate in the country, affirmed the Government chief.
Adani is the biggest economic conglomerate in India operating in various sectors such as port, transportation, logistics, energy, and digital technology in over 50 countries worldwide./.