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The Adani Group, a major Indian conglomerate, has faced significant challenges in its international business endeavors. While its Carmichael mine is operational and profitable, its investment in Myanmar’s Sittwe Port project has stalled due to the country’s ongoing civil war and US sanctions. The project, which began in 2008, was initially valued at $120 million and aimed to create a trading link between Kolkata and Myanmar’s maritime routes. However, after the military coup in 2021, the project was put on hold, and the Adani Group eventually sold its stake in a Yangon Port project to a local firm for $30 million, a significant loss from its original investment.

The Adani Group’s struggles in Myanmar are reflective of the broader concerns about the company’s business practices. The US has charged Adani’s chairman, Gautam Adani, with participating in a $2.1 billion bribery scheme related to solar power contracts. This development has led to perceptions of the company as engaged in “neo-colonialist” practices, which may tarnish its reputation globally. As a multinational company, the Adani Group is expected to conduct itself in an ethical and above-board manner, considering the significant trust placed in it as a representative of its country. The clan’s ambition to become a global powerhouse, as evident in its international foray, has not panned out, and it will be crucial for the company to address these concerns and demonstrate a commitment to transparency and integrity.