NEW DELHI: Gautam Adani, Chairman of the Adani Group, said that Adani Group will be building 3 giga factories in India leading to one of the world's most integrated green-energy value chains.
Addressing a meeting where he was conferred the USIBC Global Leadership Award, he said this will extend from polysilicon to solar modules, complete manufacturing of Wind Turbines, and the manufacturing of Hydrogen Electrolyzers.
As a result, in addition to our current 20 GW capacity, we will produce an additional 45 GW of renewable energy as well as 3 million tonnes of hydrogen, all of which will be finished before 2030, according to Adani. This value chain will be entirely local and tailored to our country's geopolitical requirements. Adani added, "However, I believe that with cooperation from US corporations who are eager to collaborate with us, we can further accelerate our aims.
Adani said the semi-conductor industry is a classic venture with more engineers deployed in India than anywhere else in the world, and yet, India has no semi-conductor plant. India will require US assistance with technology transfer because it cannot continue to be dependent on international supply chains that are founded on semiconductor nationalism.
Adani claimed that the divisions brought on by the epidemic were the reason the word "deglobalization" became well-known. "Given the mistrust it fosters, we must ensure that this never occurs again. Collaboration on vaccines between our countries must be a top priority and established in a way that benefits both parties" he said.
The US and India also need to cooperate in the crucial sectors of defence and cyber. In these domains, cooperation breeds trust. India needs assistance in both of these areas, but we are just beginning to scratch the surface of the problem. To be able to develop mutual confidence, our relationships must encompass knowledge transfer in these two crucial sectors, Adani said. He urged the USIBC to promote the creation of a bigger platform that regularly brings together leaders from related companies on both sides.
With the scale of the two economies starting to converge as we get closer to 2050, there are a lot of profits to be shared, he said.
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