Adani Group Chairman Gautam Adani has said India’s energy transition must balance decarbonisation with affordable and reliable power, warning that a shift to clean energy should not increase costs for households or slow industrial growth.
Bloomberg addressed the Bloomberg New Economy Forum in Delhi on Tuesday, where he spoke about India’s progress in artificial intelligence, advanced manufacturing and green infrastructure, according to the post. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) (Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.) He cited the need to reduce the additional cost of adopting green energy, while cautioning against continued dependence on existing energy systems amid climate volatility. The Adani Group chairman also highlighted the need for India to expand its power supply, industrial capacity and digital access to support economic development and improve living standards. Reliable data, accountable institutions and effective governance are equally important, he added. The meeting with Bloomberg also covered urban development, artificial intelligence, advanced manufacturing and green infrastructure. Adani referred to the Dharavi redevelopment project in Mumbai, saying its success should be assessed by improvements in residents’ living conditions and livelihoods rather than the amount of real estate developed.
Because of it, rather than by the assets constructed, reflecting on India’s development priorities, Adani said infrastructure should ultimately be judged by what people are able to achieve.
“Decarbonisation cannot be an ideological decree that prices out ordinary citizens, shuts down factories or stalls the Global South,” he wrote. Adani said clean energy must become a reliable and affordable option for households and businesses for the transition to succeed. “Real progress demands that capital, policy and execution lock arms to drive down the green premium until clean power is undeniably the cheaper, superior choice,” he said. He said the infrastructure required for long-term growth extends beyond physical assets such as ports, transmission corridors, green hydrogen plants and computing facilities. “True nation-building demands four non-negotiable forces, namely patient capital, physical execution, transparent governance and capable local leadership,” he said. He said the project could become a benchmark for urban renewal if infrastructure development is combined with community trust and protection of local economic activity.
