The upward revision of import duty, from 1 per cent to over 4 per cent on steam coal imports, will adversely impact the industry, as it will lead to increase in cost of power generation.
GAUTAM ADANIAlong with opportunities, there also exist many other tricky and complex issues to be managed in India. These include tackling both policy-level challenges and infrastructure challenges.
More Gautam Adani Quotes
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I am not attracted to those politicians who are short on vision and only want to make money. I like those who have vision.
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Dealing with the government does not mean you have to give a bribe.
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One of the strengths of Adani is that, because we are controlling mines, ships, ports and logistics.
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At the end of the day, they, too, want development of their constituency, state or country.
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Mundra Port remains committed towards setting up of world-class port infrastructure and facilities in India.
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When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.
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Investor confidence in Adani is fairly high, and most of our investors are long-term investors.
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I could never take orders from anyone.
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Any commodity that sees its price going higher will see new mines opening up.
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My investment strategy, which is to focus on sectors that are a national priority for India, hasn’t changed.
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I don’t like politics. I am not aligned to any political party. I have friends in all political parties.
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Modi government has not flouted any rule or regulation to help anyone.
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Along with opportunities, there also exist many other tricky and complex issues to be managed in India. These include tackling both policy-level challenges and infrastructure challenges.
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The commencement of coal mining at Parsa Kente is a milestone event in coal mining sector.
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Business is all about risk taking and managing uncertainties and turbulence.
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