In May 2019, Adani Ports entered into an agreement to construct, operate and transfer land held by the Myanmar Economic Corporation (MEC) military conglomerate for 50 years in an investment valued at US$290 million. Such corporate conduct has broader implications. Investing in Adani is not only environmentally unsound but imperilling of human rights.. By Binoy Kampmark
The Adani Business Formula: Dealing with Myanmar's Military thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.
Thursday, 1 April 2021, 2:23 pm
Corporate morality can be a flexible thing. Some
companies see tantalising dollar signs afloat in the spilt
blood of civilians and dissidents. Military governments,
however trigger crazed, offer ideal opportunities;
potentially, corners can be cut, regulations relaxed. The
Adani Group has shown itself to be particularly unscrupulous
in this regard.
In many ways, it is fitting. The
group’s record
in a range of areas suggests that the profit motive soars
above any other consideration. Environmentally, Adani is an
irresponsible, wretched beast. A shonky Adani coal ship, the
MV Rak, sank off the coast of Mumbai in August 2011