Australian Excessive Commissioner Barry O’Farrell on Monday mentioned the Adani Group has profitable companies and continues to be the biggest investor from India in Australia.

Interacting with reporters, O’Farrell mentioned the influence of the Hindenburg report on the Adani Group is a matter for India’s regulators and that there have been no stories concerning the enterprise group ceasing operations in Australia.

“Mr Adani’s investments in Australia are totally functioning and totally offering the assets, whether or not it’s clear power or coal. There have been no stories that I’ve seen in Australia that his operations have ceased. So, he’s nonetheless a major investor from India in Australia,” the envoy mentioned in response to questions on the Adani Group.

Adani Group operates a port terminal, coal mines and photo voltaic power initiatives in Australia.

The Australian envoy added that the Adani Group might be the biggest investor from India in Australia.

“He has profitable companies in Australia. In nations like Australia and India the place you have got a Financial Cooperation and Commerce Settlement (ECTA), free commerce deal or a Complete Financial Cooperation Settlement, individuals make selections to speculate or purchase corporations on the idea of what they really feel is of their curiosity at the moment. These issues should not for the federal government,” O’Farrell mentioned.

The envoy refused to state if Australian Prime Minister Anthony Albanese, who’s visiting India from Wednesday, will meet Adani.

Disclaimer: Adani Enterprises is within the means of buying a 49% stake in Quintillion Enterprise Media Ltd., the proprietor of BQ Prime.