Indian govt distances itself from Adani power deal

India today made it clear that it was not involved in any agreement between the Bangladesh government and Adani Power for procurement of electricity from the Indian conglomerate's plant in Jharkhand.

Asked by an Indian journalist on Bangladeshi media reports that the government is seeking revision of the power purchase agreement, Arindam Bagchi, spokesman for the external affairs ministry, said: "I don't have anything on it. I understand you are referring to an agreement between a sovereign government and an Indian company. I am not aware of it. I don't even think we are involved in it."

Replying to a follow-up question by another Indian journalist on the Adani power vis-à-vis the Bangladesh issue, he said that as part of its larger neighbourhood-first strategy, India would like to see greater economic integration and inter-connection with its neighbours, "which assists our process of development".

India wants its neighbouring countries to benefit from its economic growth through the strengthening of connectivity links and cooperation in the power and waterways sectors, he said.

"However, if some project is not working for financial or economic reasons, I don't think it is a reflection on the relationship and we will continue our efforts how to bring our two countries closer through greater investment and trade linkages."

Asked if foreign governments have approached India for information on the financial health of Adani Group, Bagchi said if they have any query on this, it will be referred to the concerned departments.