Ambani’s Reliance Industries and the Adani group have ambitious projects around the world. Together they are planning to work on Green Energy projects in the country. They were working on it, but they have come together to boost the green energy projects. Our country has been witnessing a gradual economic slowdown and signs were visible since 2019.
Due to which a severe impact had been seen on all sectors and subsectors of the economy. Whereas some sectors such as telecommunication and medicine have seen a boost. Other promising sectors are petroleum and refinery.
Mukesh Ambani all the way to Green Energy
Mukesh Ambani is the business tycoon of India. He has paved his way to the top with his vision, skills, and understanding. Ambani has leaned towards data-driven consumer businesses like retail and telecom.
During the Pandemic he has raised $44 billion and made much more profit. Recently Ambani’s Reliance Industries Limited (RIL) collaborated with Alphafel a Google subsidiary and promised to launch smartphones at affordable to common people of India. This startup has fetched 40 million-plus subscribers. Also, RIL is making way to do business with Saudi’s biggest Petroleum company Aramco. If a similar hunger is shown in Green Energy other start-ups might have to rethink their strategy.
Adani Green Energy Limited
On the other hand, Adani Green Energy Limited is reaching to the glory in business in infrastructure and utilities, and focussing on Green Energy as well. Mukesh Ambani is the business tycoon of India. He has paved his way to the top with his vision, skills, and understanding. Ambani has leaned towards data-driven consumer businesses like retail and telecom. There are two companies RIL and Adani Green energy limited. If they collaborate, they will definitely boost up India’s vision of a target of green Energy of 450 Gigawatt. Ambani wants to meet the 100-gigawatt target alone by 2030.
These groups have the ambition to meet India’s Mission of producing 450 GW of green energy by 2030. It is a very good initiative and India needs this at its best. But there may be some negative impacts also behind this. Consequently, it might be possible that other MSMEs and new startups collapse. Soon, we might see the monopoly of a few MNCs in different sectors such s Telecom, Petroleum, and Refineries. Moreover, it may hinder the goals of sustainable development “Sabka Sath Sabka Vikas”.
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