India will be $25 tn 'power house' by 2050: Gautam Adani at IIM-L
LUCKNOW, Aug. 8 -- India will be a USD 25 trillion economic "power house" by 2050 with the global centre of gravity shifting towards it, Adani Group chairman, Gautam Adani, said while addressing students at the Indian Institute of Management, here on Thursday. The industrialist also told them that the future will belong to those who maximise possibility, but never to those who play it safe.
He shared a philosophy of choosing conviction over caution, consequence over comfort, creation over conformity and conscience over convenience to become a proficient leader in life.
"My journey taught me that the future never unfolds as neatly as it appears in classrooms. Every meaningful journey I have taken has always faced moments where my support systems failed, but my conviction stood beside me like a sword that made me believe that my bold dreams were worth the struggle," said Adani. He said real growth happens, not when the path is clear, but when one chooses to keep searching and walking - even when the destination seems beyond reach.
"I started off at the age of 16, leaving my home in Ahmedabad and moving to Mumbai to work in the diamond trading business where I was exposed to risk, relationships and the power of global networks. In about three years, I returned to Ahmedabad to help manage my brother's polymer factory where I understood the importance of scale, logistics and end-to-end supply chains. As India began to liberalise under Prime Ministers Rajiv Gandhi and Narsimha Rao, I saw a once-in-a-generation opportunity in a then supply-constrained market. I stepped into the trading business with the aim of building India's largest trading house, which we achieved in three years. India was at the beginning of the infrastructure revolution which felt like an opportunity to me and I decided to build infrastructure and participate in India's growth story," he said. He shared that he chose to build the port in Mundra, one of India's largest marshlands in the Kutch region, which made some of the bankers laugh at him as Mundra had no access and industry.
"It was then my first philosophy of conviction over caution came into existence because my conviction was not about asking bankers to fund a piece of land, but to fund a possibility no one had explored. Today, that marshland is India's largest commercial port. I later went to Queensland, Australia, which brought my second philosophy, consequence over comfort to reality. India was short of good quality coal so, the project was not born out of ambition for coal but a consequence to provide India with better-quality coal and reduce carbon emissions," he shared.
"Khavda was saline water under marshy land and our initial studies showed it to be impossible to build any stable structures here, but we planned 700-tonne wind turbines and declared that we would build the world's largest single-site renewable energy park, generating 30 gigawatt green power. We have commissioned the first 5 gigawatt of green power and are on way to set a global benchmark in energy transition. Finally, came the redevelopment of Dharavi slums. It is not about another slum redevelopment project, but about rebuilding dignity for over 1 million people who helped build Mumbai," he said....
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