UAE exit from OPEC could be net positive for India: Sagar Adani
Sagar Adani sees a UAE move away from OPEC as beneficial for India. He stressed energy's importance for economic strength. India needs to greatly increase its energy capacity. A mix of energy sources is crucial for stable power. Electrification an...
Speaking on the sidelines of The Economist Enterprise’s Resilient Futures Summit in New Delhi, as per ANI, Adani said the global implications of such a move remain uncertain. “Time will tell whether this will disrupt or stabilise world energy markets,” he said, adding that India’s close geopolitical ties with the UAE could work in its favour.
Highlighting India’s energy challenge, Adani said in a statement that resilience in today’s world is increasingly defined by access to reliable and affordable energy. “In this century, access to energy will define resilience,” he said, pointing to how disruptions—from conflicts to market shocks—can ripple across economies.
He noted that India’s per capita energy consumption remains significantly below global averages, stressing the need for a structural expansion of capacity. According to him, India may need to add nearly 2,000 GW of energy capacity over the next two decades to meet its development goals while ensuring affordability and sustainability.
Also Read: Impact of UAE exit from OPEC on India still uncertain, country should focus on energy resilience, says Sagar Adani
Adani called for a diversified “portfolio approach” to energy, combining renewables, hydro, thermal and nuclear sources to ensure stable baseload power. He also emphasised the importance of electrification and reducing dependence on imported energy to strengthen long-term economic stability.
Citing the Adani Group’s role, he said the conglomerate is investing across renewable energy, storage, transmission and green hydrogen as part of an integrated strategy to build India’s energy backbone.
He added that policy continuity and infrastructure development over the past decade have created a conducive environment for scaling energy investments, which will be critical to sustaining India’s growth and resilience.
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