Modi effect: Wharton main sponsor Adani Group pulls out

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New Delhi, March 4: As an apparent mark of protest against not allowing Gujarat Chief Minister Narendra Modi to participate at the Wharton India Economic Forum at Philadelphia in the USA through video-conferencing on March 24, the main sponsor of the programme, the Adani Group also decided to pull out from the forum on Monday evening.

Earlier, a spokesperson of the group said in a statement that "Mr Adani had conveyed his inability to join Wharton India Economic Forum long back (almost a fortnight ago) as he has other pressing commitments."

The Adani Group later said Adani's inability could not be linked with Wharton's decision of cancelling Modi's keynote address for Adani had conveyed his decision prior to the controversy.

The Adani Group has corporate interests in ports, logistics, energy, edible oil and infrastructure and the group is known for its proximity to Modi.

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