As missiles fly over West Asia, the conflict is being felt far beyond Tehran and Tel Aviv—reaching all the way to Haifa Port, Hyderabad’s drone factories, and even New Delhi’s foreign policy calculus.
The Adani Group’s billion-dollar footprint in Israel, particularly its strategic stake in Haifa Port and defence joint ventures, now stands exposed to a rapidly escalating Iran-Israel conflict. But behind these investments lies a larger story—of Indo-Israeli collaboration, ideological affinities, and geopolitical gambles that are now under threat.
Adani’s Haifa Gamble and a Corridor in Peril
In 2023, Gautam Adani’s Ports and SEZ arm acquired a 70% stake in Israel’s Haifa Port for $1.2 billion. It was not just a business deal—it was a geopolitical statement. Located in northern Israel, Haifa was meant to be a vital node in the proposed India-Middle East-Europe Economic Corridor (IMEC) announced at the G20 Summit, a counterweight to China’s Belt and Road Initiative.
However, with Israel on high alert and Iran threatening retaliation after Israel’s strikes on its nuclear and military infrastructure, the corridor is under serious jeopardy. According to estimates circulating in media circles, Adani may have already lost nearly $4 billion in asset valuation post-strike—a figure that, while unofficial, reflects growing investor unease.
Moreover, Haifa Port—while somewhat insulated from the southern conflict zones—is vulnerable to Mediterranean trade disruptions, rising insurance premiums, and rerouted shipping. Even a 3% dip in Adani Port’s cargo volume can translate into large-scale financial volatility in a tightly leveraged group.
Also See : Pakistan at UNSC: Israeli Strikes Threaten Regional Stability
Hyderabad Drones, Hindutva-Zionism, and the Balochistan Conflict
The Adani Group’s exposure to Israel doesn’t stop at ports. In 2018, Adani Enterprises entered into a joint venture with Israeli defence major Elbit Systems to manufacture Hermes 900 drones in Hyderabad—used extensively by the Israeli Defence Forces (IDF).
This makes Adani a crucial civilian-military-industrial link between India and Israel. It also reveals why the BJP’s IT Cell and ecosystem are bending over backwards to defend Israel online. The stakes are not just ideological—but commercial and strategic.
Hindutva and Zionist ideologues have long rooted the Indo-Israeli alliance in mutual admiration. Both promote territorial maximalism, counterinsurgency strategies, and narratives of civilizational threat. Their shared obsession with Balochistan is also no coincidence—both seek to contain Iran’s influence and destabilize Pakistan’s western front.
India’s Diplomatic Hedge During SCO Silence on Conflict
India’s conspicuous absence from the SCO condemnation of Israeli strikes on Iran now makes sense in this context. Delhi’s silence is not diplomatic reticence—it’s strategic hedging.
Condemning Israel would have hurt Adani’s investments, unsettled defence collaborations, and ruptured the IMEC narrative just months before elections. Gautam Adani is widely seen as one of PM Modi’s closest business allies and financiers. Protecting his assets is now a matter of political survival, not just economic policy
A Cautionary Tale
The Israel-Iran conflict is more than a foreign policy flashpoint. It’s exposing the vulnerabilities of India’s most powerful corporate empire and the fragility of the Modi government’s West Asia strategy.
India’s ruling establishment has intertwined business with geopolitics, ideology with infrastructure, and diplomacy with financial patronage. In doing so, it has tied its fortunes to the fate of a volatile region
And as Haifa burns, so too may the hubris of invincibility.
