Insight - Ambani’s US$75bil plan aims to make India a hydrogen hub

Business strategy: A bird flies past a Reliance Industries logo in Ahmedabad. Analysts say Reliance is likely to opt for hydrogen in a bid to avoid India’s wholesale electricity market. — Reuters

BILLIONAIRE Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd toward green energy could transform India into a clean-hydrogen juggernaut.

Ambani, Asia’s richest man, announced plans earlier this month to invest US$75bil (RM314.31bil) in renewables infrastructure including generation plants, solar panels and electrolysers.