Gautam Adani vies for projects in Bhutan’s ‘Mindfulness City’ in overseas push

Saturday, 2 November 2024 04:37 - - {{hitsCtrl.values.hits}}

Gautam Adani

Billionaire Gautam Adani is among those in discussions for infrastructure projects in Bhutan’s new ‘Gelephu Mindfulness City’ as the tiny Himalayan kingdom seeks investment to build a mega township along its southern border with India.

The Adani Group, controlled by Asia’s second-richest person, is one of the business houses in talks with the Government “at the highest levels” to set up solar and hydroelectric plants in Bhutan’s 1,000-square-kilometer (386 square miles) flatlands where the new city is being built, Lotay Tshering, Gelephu’s newly-appointed governor, said in an interview.

While the mountainous country has a population of less than 800,000, its mission to revamp its infrastructure creates another opportunity for the ports-to-power conglomerate that has been investing billions in its green energy initiatives.

Bhutan has been a strategic and long-time ally for India.

The foray, if it materialises, fits with the broader strategy of Adani’s sprawling empire of expanding its international footprint. The Indian conglomerate is already developing infrastructure projects or vying for them in Israel, Kenya, Tanzania, Sri Lanka, Bangladesh and Vietnam.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.