Adani group row may test resilience of project exports from India

The government has been pushing to promote project exports and sees it as a next big opportunity

The Kenyan government’s decision to scrap multi-million-dollar airport expansion and energy deals with the Adani group, following bribery allegations by the US, could test the resilience of India’s fledgling project exports market.

 

“This will increase technical scrutiny for project exporters from India in the host countries, including for projects funded by multilateral agencies,” an official at a multilateral lending agency said, requesting anonymity.

 

The export of engineering goods on deferred payment terms, execution of turnkey projects, and civil construction contracts abroad are collectively referred to as ‘project exports’. With growing impetus for infrastructure projects across most developing countries and multilateral