Adani Group biggest Indian investor in Australia, no impact on business: Envoy

New Delhi:

Australian High Commissioner Barry O’Farrell said on Monday that the Adani Group’s business is successful and it remains India’s largest investor in Australia.

Talking to reporters, Mr O’Farrell said the impact of the Hindenburg Report on the Adani Group is a matter for India’s regulators and there have been no reports about the business group shutting down its operations in Australia.

“Mr Adani’s investments in Australia are fully functioning and fully providing resources, be it clean energy or coal. There are no reports that I have seen in Australia that he has ceased operations Therefore, he is still an important investor in India.” in Australia,” the envoy said in response to questions on the Adani group.

The Adani Group operates a port terminal, coal mines and solar power projects in Australia.

The Australian envoy said that the Adani group is probably India’s largest investor in Australia.

“They have successful businesses in Australia. In countries like Australia and India where you have an Economic Cooperation and Trade Agreement (ECTA), a free trade deal or a Comprehensive Economic Cooperation Agreement, on what basis do people choose to invest or buy companies? They make decisions. They think is in their best interest at that time. These matters are not for the government,” O’Farrell said.

The envoy declined to say whether Australian Prime Minister Anthony Albanese, who is visiting India from Wednesday, would meet Adani.

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