Adani Group may revive US investment plans amid policy shift under Trump: Report

Previously, the Adani Group had explored partnerships with US firms and considered petrochemical investments in Texas.

The Adani Group has reignited plans for major investments in the United States, with potential projects spanning nuclear power, utilities, and an East Coast port, according to people familiar with the matter cited by Financial Times.

The infrastructure conglomerate, led by Gautam Adani, had initially pledged a $10 billion investment in the US, aiming to create up to 15,000 jobs following Donald Trump’s presidential election. However, those plans were put on hold after Adani and seven others were indicted by US authorities in connection with an alleged $265 million Indian solar energy bribery scheme, the Financial Times report adds.

Now, sources close to Adani told FT that the group's outlook has shifted following Trump's recent order to halt enforcement of the Foreign Corrupt Practices Act, which they believe could lead to the case's collapse against him. “Once Trump came in, we have reactivated some plans,” one person familiar with the matter said, though they acknowledged lingering concerns over the “indefinite nature of the investigation.”

Another source told Financial Times: “We know what we want to do, but we will wait until this [case] resolves.”

Previously, the Adani Group had explored partnerships with US firms and considered petrochemical investments in Texas. However, as of now, the group does not have any major ongoing projects or investments in the US.