Key Points

Pranav Adani assured stakeholders that the Adani Group's overseas assets, including Haifa Port in Israel, remain safe despite escalating tensions in the Middle East. He emphasized the importance of evidence-based research through the Chintan Research Foundation, focusing on climate change and economic growth. The Adani Ports stock has been declining due to geopolitical uncertainties. The foundation also aims to drive inclusive prosperity by focusing on India's heartland beyond metropolitan cities.

Key Points: Pranav Adani Assures Safety of Overseas Assets Amid Israel-Iran Tensions

  • Pranav Adani confirms Adani Group's overseas assets remain secure
  • Haifa Port in Israel operates despite regional tensions
  • Adani Ports shares decline amid geopolitical concerns
  • Chintan Research Foundation to focus on climate and economic research
2 min read

Shouldn't worry, all our assets abroad are safe: Pranav Adani amid Israel-Iran tensions

Adani Group's Pranav Adani reassures investors amid Middle East conflict, confirming Haifa Port and other assets remain secure.

"We shouldn't worry about it, all our assets abroad are safe. – Pranav Adani"

By Vishu Adhana, New Delhi, June 19

Amid ongoing conflict in West Asia, Adani Enterprises Director Pranav Adani on Wednesday assured that the group's overseas assets remain secure. "There are concerns, but luckily, all our assets abroad are safe. We shouldn't worry about it," he told reporters on the sidelines of the Chintan Research Foundation's foundation day event.

His remarks came as markets react to the worsening geopolitical situation in the Middle East.

Adani Ports and Special Economic Zone fell for the seventh straight session, slipping 2.5% to Rs 1,338.

Among the key concerns is the Haifa Port in northern Israel, which the Adani Group acquired in early 2023. The strategic facility, a crucial Indian commercial asset in the region, is operating under the shadow of regional conflict, particularly amid fears of escalation between Israel and Iran.

Speaking at ANI, Pranav Adani also outlined the vision of the Chintan Research Foundation, which he said will focus on "climate change, geopolitical issues and economic entry" as its initial areas of research. "Evidence-based research has many responsibilities. These three pillars will be our starting point," he said.

He emphasised the need to focus on India's heartland. "India is not only Delhi or the capital cities. The real India lives in Ranchi, Raipur, Bhubaneswar and the Northeast... That's where inclusive growth should be centred," he said.

CRF President Shishir Priyadarshi said the foundation aims to tackle hard truths and propose solutions with a focus on zero-emission goals, inclusive prosperity, and the Global South's emergence. "The most challenging thoughts lead to the most rewarding destinations," he said.

- ANI

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Reader Comments

R
Rajesh K.
Good to hear our investments abroad are safe, but shouldn't we be more concerned about Indian workers in West Asia? Many from Kerala and UP work there. Hope the govt has evacuation plans ready if tensions escalate further. 🇮🇳
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Priya M.
While Adani's assurance is comforting, I'm more impressed by his focus on India's heartland. Finally someone talking about inclusive growth beyond metros! Small cities like Raipur and Bhubaneswar have so much untapped potential.
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Amit S.
The Haifa port acquisition was a strategic masterstroke by India. Even if there's short-term volatility, long-term this will give us strong foothold in Mediterranean trade routes. Business must go on despite geopolitical tensions!
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Neha T.
Climate change + economic research is much needed, but shouldn't Indian corporates invest more in domestic R&D rather than just acquiring foreign assets? Our IITs produce brilliant minds who often go abroad for opportunities.
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Vikram J.
The stock market reaction shows how globalized our economy has become. A conflict thousands of km away affects Indian investors. Maybe time to diversify portfolios and support more 'Make in India' initiatives for stability.
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Sunita R.
Appreciate the transparency from Mr. Adani, but wish he had shared more details about contingency plans. What happens if the conflict spreads? As shareholders, we deserve to know risk mitigation strategies beyond just "don't worry".

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