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Who will finance India’s infrastructure after the Adani scandal?

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The Adani Group owns a number of ports, airports, coal mines, power stations, transmission lines, city-gas networks, solar farms, roads, and data centres in India.

The Adani Group owns a number of ports, airports, coal mines, power stations, transmission lines, city gas networks, solar farms, roads and data centres in India.

PHOTO: REUTERS

Andy Mukherjee

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Hong Kong – As the

Adani Group grapples with uncomfortable scrutiny,

there is a palpable nervousness in India about what will happen next.

In just over a quarter-century, the once-modest commodity trader from Ahmedabad has morphed into the country’s largest infrastructure player, a debt-fuelled behemoth overseeing a dazzling array of hard assets at home, as well as in Australia, Indonesia, Sri Lanka and Israel.

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