India’s biggest and most powerful conglomerates are more aggressively expanding into new industries. Mukesh Ambani’s behemoth Reliance Industries is making a clean energy push, producing batteries, green hydrogen, and solar power in the coming years. [India's new corporate chiefs are thinking bigger and more boldly - asia.nikkei.com]
Tata, another giant Indian firm, aims to begin making semiconductors, has its own green-business ideas, and wants to build an “everything app” of the type that American firms have long sought. The grand plans may be in part driven by Indian Prime Minister Narendra Modi’s own hyperbolic ambition, a Nikkei opinion piece notes. “Modi has consistently exhorted the masses that this century is that of India.”
