In Mumbai, major Indian conglomerates including the Tatas, Reliance, Adani, and Vedanta, are gearing up for significant capital commitments amounting to $800 billion over the next decade, nearly tripling their previous decade's spending. S&P Global's credit analyst, Neel Gopalakrishnan, highlighted that a substantial portion of this investment will be allocated to new ventures such as green hydrogen, clean energy, aviation, semiconductors, electric vehicles, and data centers. These conglomerates are collectively planning investments of around $350 billion in these emerging sectors. While some conglomerates like Birla, Mahindra, Hinduja, Hero, ITC, Bajaj, and Murugappa traditionally focus on conservative growth in established businesses, others are venturing into more diverse sectors to expand scale and profitability. The report also cautions about risks associated with heavy investments, especially in technologies like green hydrogen that lack proven commercial viability. As companies ramp up spending, they will need to ensure the robustness of their core operations to safeguard their credit profiles. Any setbacks during the investment phase could have implications on their credit metrics, underscoring the need for prudent financial management amidst ambitious growth plans.