Adani Group Eyes $10B US Investment Revamp

The Adani Group, led by Gautam Adani, has revived its plans for significant investments in the United States, despite ongoing federal bribery charges against its founder. Originally, Adani had pledged to invest $10 billion in U.S. energy projects following Donald Trump's re-election, but the plans were put on hold due to allegations of a $265 million bribery scheme related to Indian solar energy. With Trump's administration now rolling back enforcement of the Foreign Corrupt Practices Act, Adani sees a potential pathway to reactivating these investment plans, which include sectors like nuclear energy and utilities. The Adani Group has refuted the allegations, calling them baseless, and insiders express cautious optimism about proceeding with their U.S. ambitions. However, legal uncertainties persist, with Adani's associates acknowledging the indefinite nature of the investigations. The group's U.S. footprint remains minimal, as past negotiations for projects in Texas have not materialized into major deals.