Maharashtra: Karan Adani, Anant Ambani on economic advisory panel along with Tata sons chairman

Tata Sons chairman N Chandrasekharan will head the Maharashtra state Economic Advisory Council (EAC) which also includes Karan Adani and Anant Ambani, a Government Resolution (GR) said on Monday.

Karan Adani, the CEO of Adani Ports and SEZ Ltd, is the son of Gautam Adani, who is battling allegations of stock manipulation and fraud in Adani Group raised by Hindenburg Research. The Adani Group has denied the allegations, which created a political firestorm and eroded his net worth.

The Adani junior has been named as the expert on the ports and SEZ sector in the 21-member body. “An Economic Advisory Council is an independent body to advise the State Government on economic and other related issues,” the GR said.

The council has domain experts from fields including textiles, pharma, ports, special economic zone, banking, agriculture, industries, engineering, and manufacturing.