Indian conglomerates are gearing up for a substantial investment wave, with commitments expected to reach approximately $800 billion in the next decade, as reported by S&P Global Ratings. This surge marks a significant increase from the previous ten years, indicating a strong momentum towards growth and diversification. A considerable portion of the planned investment, around 40%, will be allocated to emerging sectors like green hydrogen, clean energy, aviation, semiconductors, electric vehicles (EVs), and data centers. Leading the charge are conglomerates such as Vedanta, Tata, Adani, Reliance, and JSW, collectively preparing to invest about US$350 billion in these sectors over the next decade. The report highlights that while some conglomerates are venturing into new business sectors, others like Birla, Mahindra, Hinduja, Hero, ITC, Bajaj, and Murugappa groups will maintain their focus on established areas to drive profitability. S&P Global Ratings projects that investments in existing businesses could range between USD 400 billion and USD 500 billion over the next decade if the current investment momentum is sustained. It stresses the importance for companies to strengthen their core operations to mitigate risks associated with the increased debt levels to support growth plans. Effective execution of growth strategies will be crucial to prevent any negative impact on credit ratings due to underperformance during the investment phase.