NEW DELHI (Diya TV) — India’s Adani Group has reactivated plans for massive investments in the United States after President Donald Trump’s victory, even as its founder Gautam Adani is confronted with serious legal troubles.
The conglomerate has in view projects in areas like nuclear power, utilities, and an East Coast port, as per the Financial Times report. These projects were put on the backburner owing to lawsuits but are again on the consideration list.
In November 2024, New York federal prosecutors charged Gautam Adani and seven other top executives with taking part in a $265 million bribery conspiracy to win solar energy contracts in India. The indictment claims the defendants committed securities fraud and other crimes to hide the bribery from U.S. investors.
Despite these claims, the Adani Group is going ahead with its U.S. investment proposals, including a mooted $10 billion investment in energy security and infrastructure initiatives. This action comes in line with President Trump’s policies to reduce regulations for energy firms, such as drilling on federal land and pipeline building.
The revival of these investment plans comes amid ongoing legal proceedings. The Adani Group has denied the charges, labeling them as “baseless,” and has stated its intention to pursue all possible legal avenues to defend against the allegations.
The fate of the legal actions is undecided, and the future investments of the Adani Group in the U.S. may rest on how these allegations are resolved. However, the fact that the firm has moved to revive its American projects highlights its strategic interest in increasing its international presence, especially in markets that have conducive regulatory climates.
