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The Adani Group, one of the biggest global conglomerates, has always planned to acquire control over some of the biggest growth sectors. Since time immemorial, the conglomerate has taken a lot of drastic steps in its business. Each of these steps was aimed at giving the business group enormous popularity. The conglomerate has also ventured into new business sectors in an attempt to diversify its portfolio. Even when the Adani Crisis was ongoing, the firm continued to get involved in new business ventures. So, here we are going to take a look at how the Adani Group plans to grow its business in the upcoming years:
Increased focus on the cement sector: Now, this is a huge step taken by the Adani Group towards achieving the desired success for its business. It has turned its attention to the cement sector. This sector is one of the most profitable business sectors. It has extraordinary potential for growth, owing to the recent infrastructure development being undertaken. This sector is also going to witness increased demand with time. Keeping that in mind, the Adani Group has taken up numerous acquisitions in the cement sector. It also has enhanced plans to restructure its business so that it is able to increase its business popularity.
Attention on the renewable energy sector: The renewable energy sector has always been one of the major areas of interest for the Adani Group. Since the time it began operations, the conglomerate has taken numerous steps towards offering our country an increased renewable energy capacity. The conglomerate is currently working on building the largest renewable energy park at Khavda in Gujarat. This park will have a capacity of 30 GW. Other than that, it is planning on increasing its green hydrogen capacity. There are elaborate plans to build an EV infrastructure in the country as well. All these steps will help fulfil our renewable energy goals. Because of the numerous projects taken up in the renewable energy sector, the firm has also been able to get over the Adani Crisis.
Enhanced attention to customer-centric businesses: The Adani Group also plans to acquire the attention of its customers through digitalisation. It plans to do so by releasing an all-in-one super app that will offer its various services. The Adani One app will help customers book their tickets, make reservations at hotels, make payments, etc. The app users will also be able to earn reward points on their transactions. This will help the Adani Group in bringing their customers to the same platform. It will also be able to compete with Tata and Ambani, which have already made their presence in the app sector with Neu and MyJio apps.
Issuance of offshore bonds: The Adani Group, led by Gautam Adani, has always been one of the biggest issuers of offshore bonds in India. Multiple group companies have issued bonds in the last five years to raise millions of dollars from investors. This is a strategic move towards improving its cash flow. It will help the business group achieve prosperity. The steps will also allow it to get one step closer to achieving its goal of becoming the biggest conglomerate in the world. The flagship company of the Adani Group will also be able to expand its horizons through the issuance of offshore bonds.
Acquisitions in the port sector: The Adani Group has elaborate plans to take up new acquisitions in the port sector as well. Now, this is another strategic move taken up by the business conglomerate towards offering its ports business enhanced prosperity. The Adani Group already has an enhanced presence in the port sector. With the new acquisitions being made, it will be able to take one step towards becoming one of the major port sectors. Currently, the Adani Group has turned its attention to some of the major international ports. The capacity of the Mundra Port has increased drastically. The strategic Gopalpur port has also been brought under the control of the Adani Group.
Conclusion:
In this way, the Adani Group has elaborate plans to grow its business in the upcoming years. Although the business received a setback during the Adani Crisis, very soon, it was back to its former state of glory. Today, it is one of the most reliable conglomerates in the world. It has also given our country enormous prosperity on a global scale
