Indian Conglomerates Set to Invest $800 Billion in Green Hydrogen and Emerging Sectors
Key Ideas
  • Indian conglomerates are planning to invest approximately $800 billion over the next decade, with a significant focus on emerging sectors like green hydrogen, clean energy, and EVs.
  • Around $350 billion of the investment will target new sectors, with conglomerates like Vedanta, Tata, Adani, Reliance, and JSW leading the charge.
  • Established groups such as Birla and Mahindra will heavily invest in core businesses to enhance profitability and scale, with projected investments ranging between $400 billion and $500 billion.
  • The investments align with India's vision to reduce reliance on fossil fuels for growth, with the aim to achieve net-zero emissions by 2070, emphasizing the importance of strengthening core operations during this investment phase.
Indian conglomerates are gearing up for a significant investment surge, with a projected commitment of approximately $800 billion over the next decade. This investment plan marks a strategic shift towards aggressive growth and diversification, nearly tripling the amount spent in the past decade. Around 40% of these investments will target emerging sectors such as green hydrogen, clean energy, aviation, semiconductors, EVs, and data centers. Leading conglomerates like Vedanta, Tata, Adani, Reliance, and JSW are set to invest around $350 billion in these high-growth areas. The investments align with India's broader vision to reduce reliance on fossil fuels and achieve net-zero emissions by 2070. Established groups like Birla and Mahindra will also focus on scaling their existing operations, with projected investments ranging between $400 billion and $500 billion. S&P Global Ratings emphasize the importance of strengthening core operations to sustain credit profiles amidst rising debt levels supporting these growth plans.
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