02-December-2024
Corporate News
 
Adani retains global support as Israel, others back it despite bribery row
29-Nov-2024

Israel has reiterated its support for the Adani Group despite bribery allegations against its founder in the United States. Reuven Azar, Israel’s envoy to India, expressed optimism about the conglomerate’s ongoing involvement in the country, Reuters reported on Thursday. “We wish Adani and all Indian companies continue to invest in Israel,” Azar said in an interview, adding that the allegations made by US authorities were “not something that’s problematic” from Israel’s perspective. The Adani Group holds a 70 per cent stake in Haifa port in northern Israel and is involved in ventures such as military drone production and plans to manufacture commercial semiconductors.

News Source:- https://www.business-standard.com/companies/news/adani-retains-global-support-as-israel-others-back-it-despite-bribery-row-124112800776_1.html