Indian corporations are set to embark on a massive investment spree totaling over USD 800 billion in the next ten years, as reported by S&P Global Ratings. This ambitious plan, significantly higher than previous spending, reflects a strong drive towards expansion and diversification. Approximately 40% of this investment will be directed towards new and emerging sectors such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles (EVs), and data centers. Leading the charge are major conglomerates like Vedanta, Tata, Adani, Reliance, and JSW groups, committing approximately USD 350 billion to fuel growth in these areas. While some corporations are venturing into new sectors, others like Birla, Mahindra, and Hero groups will focus on scaling up and enhancing profitability in their existing businesses. S&P Global Ratings foresees an additional USD 400-500 billion in investments in current operations over the next decade if the pace of investment is maintained. Strengthening core operations is deemed essential for conglomerates to manage risks associated with this substantial investment push. The strategic approach of conglomerates in balancing investments in new sectors and existing businesses demonstrates a forward-looking outlook and a commitment to sustainable growth.