Despite global scrutiny arising from allegations against the Adani Group’s top executives in the United States, international and regional stakeholders have reaffirmed their confidence in ongoing partnerships with the conglomerate.
Stakeholders including the Sri Lanka Ports Authority (SLPA) and Abu Dhabi’s International Holding Company (IHC), along with the Tanzanian government, have endorsed support for the Adani Group, emphasizing the entity’s role in driving sustainable development and infrastructure growth.
The Sri Lanka Ports Authority (SLPA) has reiterated its commitment to the Colombo West International Terminal (CWIT) project, which is led by the Adani Group in partnership with SLPA and John Keells Holdings. Valued at $1 billion, the initiative marks Sri Lanka’s largest foreign direct investment in the port sector and aims to transform the Colombo Port into a leading transshipment hub in the Indian Ocean.
SLPA Chairman Admiral Sirimewan Ranasinghe (Retd) dismissed speculation about revisiting or terminating the agreement. “Nothing is discussed about cancelling the deal at all,” he affirmed. The project, which has remained on schedule, is expected to be operational within the next few months. Ranasinghe emphasized the Adani Group’s adherence to commitments, including financial investments and equipment delivery, making CWIT a cornerstone of Sri Lanka’s economic infrastructure.
Despite allegations in the U.S., the SLPA clarified that the charges have no relevance to the Colombo terminal’s operations. “The owner of this company (CWIT) is not involved in any nefarious activity here in Sri Lanka,” Ranasinghe stated.
The Colombo West International Terminal project highlights Sri Lanka’s growing collaboration with India, with the Adani Group playing a vital role in enhancing the island’s port infrastructure. Once completed, the terminal will boost Colombo’s capacity to handle ultra-large container vessels, significantly strengthening regional trade connectivity and positioning Sri Lanka as a key player in global maritime logistics.
Abu Dhabi’s International Holding Company (IHC), which manages assets of nearly $100 billion, also echoed confidence in the Adani Group. “The partnership with the Adani Group reflects our confidence in their contributions to green energy and sustainability sectors,” IHC noted. The sovereign fund has made substantial investments in Adani Enterprises, highlighting trust in the conglomerate’s long-term potential.
Meanwhile, the Tanzanian government repeated commitment to Adani Ports, which operates Container Terminal 2 at Dar es Salaam Port through a 30-year concession agreement finalized in May 2024. Tanzanian officials confirmed that the agreements fully comply with local laws and that operations are progressing without concern.
The Adani Group has categorically denied the allegations made in the U.S., labeling them as ‘baseless.’ The charges primarily involve Adani Green Energy, which represents under 5% of the conglomerate’s diversified portfolio. The group has pledged to pursue legal avenues to clear its name and emphasized robust operational and financial stability across the company’s business verticals.
As the situation continues to evolve, the Adani Group’s steady collaborations with international partners such as IHC, the Tanzanian government, and the SLPA highlight the strength and adaptability of its global operations.