Mukesh Ambani announces RIL’s new energy business; to put India on world solar and hydrogen map

Reliance Industries’ Chairman Mukesh Ambani today put forward a three-fold strategy and roadmap for implementing RIL’s 15-year commitment to become net carbon zero by 2035.

“The global New Energy agenda needs to move from dialogue to action, from commitment to urgent implementation on the ground. It is not enough to be carbon neutral; the world needs to achieve absolute reductions in emissions soon” Ambani said in the company’s 44th annual general meeting.

“With new initiatives, Reliance will aim to put Gujarat and India on world solar and hydrogen map. All our products will proudly proclaim Made in India, by India, for India and for the world,” Ambani added.

India’s GDP per capita is currently at $2,000 while the world average is $12,000, and the country’s power consumption per capita is only one third of global consumption.

“This Wealth Disparity and Energy Disparity is unacceptable,” the billionaire added, announcing the launch of a new energy business with the aim of bridging the green energy divide in India and globally.

Using the old to build anew
The Dhirubhai Ambani Green Energy Giga Complex is being developed on 5,000 acres in Jamnagar. It will be amongst the largest such integrated renewable energy manufacturing facilities in the world.

“Jamnagar was the cradle of our old energy business. Jamnagar will also be the cradle of our new energy business,” Ambani said.