Adani plans nearly $100 billion capex over next five years, says it will power India's rise

Adani Group Chairman Gautam Adani on Friday announced that the conglomerate is preparing for a capital expenditure of nearly $100 billion over the next five years — a commitment he described as unprecedented in India's private sector history.

Speaking at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery – Asia Pacific (SMISS-AP), Adani said, “It is with this conviction that we are preparing for our capital expenditures investment of nearly $100 billion over the next five years.”

“The scale and pace of this investment and its commitment [is] unprecedented in India's private sector history. As we do our part for strengthening the very spine of India's rise, a spine that must be unbreakable, a spine that must carry 1.4 billion dreams, a spine that tells the world that India's rise is inevitable,” he added.


In a deeply personal and metaphor-rich address, Adani spoke of resilience, entrepreneurship, and India’s transformation since the 1991 liberalisation reforms.

No degree, no job, but a burning desire

“Leadership is about restoring resilience,” he said, adding, “Today, this shared metaphor will remind us both: the spine is both — a miracle and a corporate necessity.”

Reflecting on his early days, Adani shared, “With no degree, no job and no backup, except burning desire to define my own path, I had nothing else.”

“The money that I first made 'never mattered' but the moment did,” he said, underlining the importance of self-belief over material gain.

“Entrepreneurship begins with a spark and with conviction.”

He also offered a poetic take on ambition, stating, “Dreams aren't those we get when we sleep, but those that take our sleep away.”

Recalling the pivotal moment of India’s economic liberalisation, Adani said, “In 1991, we faced a dark period in India's history — with just ten days of foreign reserves left. But with the then leadership, PV Narsimha Rao and Dr Manmohan Singh, India opened doors to privatisation.”