Adani Denies China Battery Deal: No Tie-Up, Group Insists
The Adani Group on Monday issued a strong denial of a Bloomberg report alleging a potential collaboration with Chinese companies BYD and Beijing Welion New Energy Technology for battery manufacturing in India. The report, published earlier, speculated on a joint venture to establish battery production facilities within the country.
The conglomerate categorically refuted these claims, stating there are no such plans currently underway. Adani’s statement emphasized its commitment to independent growth and development in the Indian energy sector.
This denial comes amidst heightened scrutiny of foreign investment in India’s burgeoning renewable energy sector. The clarification holds significant implications for the government’s ‘Make in India’ initiative and its strategic approach to attracting both domestic and international players. The episode underscores the sensitivity surrounding collaborations with Chinese firms in key strategic sectors.
