Gandhinagar, (PTI) India, the world’s third-largest energy consumer, will see its energy needs doubling by the end of this decade as it witnesses an unprecedented explosion of economic growth, the nation’s richest man Mukesh Ambani said on Saturday.
Speaking at the convocation of Pandit Deendayal Energy University (PDEU), Ambani, who heads the nation’s most valuable company Reliance Industries Ltd, said the Indian economy will become a USD 40 trillion economy by 2047 from the current USD 3.5 trillion.
“And to fuel this growth, the country will need enormous amounts of energy – clean, green energy that won’t choke mother nature for the sake of human progress,” he said. “In fact, India’s energy requirement is set to double just by the end of this decade.” Ambani is pivoting its largest fossil-fuel-dominated conglomerate to clean energy, investing billions of dollars in building giga factories to produce new energy ecosystems as well as generate renewable energy, and produce green hydrogen.
