This is Mukesh Ambani's new business, an investment of 6 lakh crores, will leave even Reliance Industries behind in 5 years

This is Mukesh Ambani's new business, an investment of 6 lakh crores, will leave even Reliance Industries behind in 5 years

Reliance Group chief Mukesh Ambani claims that in the next 5 to 7 years, the green energy business of this group will become the most profitable business.

• Reliance will now venture into green energy as well
• A profitable business will be created in the next 5-7 years 
• An investment of 10 billion dollars has been planned

Recently, Reliance Industries jumped 51 places to rank 104 in the Fortune 500 list. Reliance is the second company to be included in this list for the first time after the state-owned Indian company LIC. But now RIL is going to get a big challenge from another company. The challenge is also that this company will overtake RIL in the next 5-7 years. But the company that will do this feat will be a Reliance Group company. If you are thinking that this will do spectacular live or retail. However, that is not the case. Reliance Group chief Mukesh Ambani claims that in the next 5 to 7 years, the green energy business of this group will become the most profitable business.

Mukesh Ambani's claim that green business will
grow can be trusted because he always succeeds in establishing new businesses and taking them ahead of other companies in the sector. He created a stir in the telecom sector by launching Jio in 2016. Jio is all set to take its flag to new heights in the telecom sector by placing the highest bid in the recently concluded 5G spectrum auction.

10 billion dollar investment plan

Now in the field of green energy, Mukesh Ambani is taking a strong step towards becoming the emperor of this emerging sector with an investment of 6 lakh crores. The company is preparing to start this business in the next 1 year. The company has completed acquisitions and investments of over Rs 5,500 crore for capacity expansion in this new energy sector. The company announced last year that it will invest $10 billion on green energy over the next 3 years. Under this plan, the company will set up a 4 AVE giga factory, which will manufacture all components related to green energy. Under this scheme, investments will also be made in green energy value chain and related technologies. Partnership with other companies will also be done for this. Based on this, Ambani wants to make India the cheapest destination for green energy in the next 7 years.

Blueprint for Green Energy Business

RIL's CMD Mukesh Ambani said in the company's annual report that, 'RIL's investment in the green energy value chain will begin slowly over the next 12 months and will accelerate over the next few years. We are taking Reliance towards clean energy.

Construction of Giga-Factories Begins

Reliance is building Giga-Factories for the entire green energy value chain, from solar power generation to production, distribution and consumption of green hydrogen. The group has started building a 4 giga-factory at the Dhirubhai Ambani Green Energy Complex in Jamnagar, Gujarat. Ambani is considered an expert in implementing any business change thoughtfully. Over the past decade, he has built Reliance from an energy giant to a retail services sector company.