Gautam Adani will enter Mukesh Ambani’s biggest business, will invest $ 4 billion

Gautam Adani is planning to launch a “super app” in the next three to six months to connect airport passengers to other Adani Group services.

Petrochemical : India and Asia’s richest man Gautam Adani is now going to enter Mukesh Ambani’s biggest business. He is a petrochemical business in the state of Gujarat (Petrochemical Business) are planning to invest more than $ 4 billion. Along with this, it will also launch a “super app” (super app) in the next three to six months to connect airport passengers to other services of Adani Group.Super App Launch) are planning to launch. So that the passengers can get relief.

Please tell that Mukesh Ambani’s petrochemical business is the biggest business in the country. But such speculations are being made that Gautam Adani’s entry into the petrochemical business will compete with billionaire Mukesh Ambani, but Gautam Adani has rejected the fact that there is no competition with Mukesh Ambani due to his entry. India is a big growth market in Asia and everyone is welcome in it. Therefore, the question of competition does not arise in this case.

The Board of Adani Enterprises Limited met today to discuss options for raising funds. Adani’s possible move is a push by fellow Indian billionaire Mukesh Ambani, who raised more than $27 billion from global investors in 2020 by selling stakes in units of his conglomerate Reliance Industries Ltd. India is set to become a $30 trillion economy by 2050.

India’s share in global GDP

Billionaire Gautam Adoni recently told a conference in Mumbai that the country’s GDP could start expanding by $1 trillion every 12 to 18 months within the next decade. He said that India’s share in global GDP is likely to exceed 20% by 2050. The coal-to-port billionaire reaffirmed his group’s commitment to invest $70 billion in the clean energy value chain.

Economic growth will mean India’s energy consumption will increase 400% by 2050, he said, and the country will undertake “an unparalleled” energy transition to meet this demand.

The goal is to create a global center

Prime Minister Narendra Modi’s government aims to expand the country’s solar and wind power capacity as well as make the country a global hub for green hydrogen. The world’s third-biggest producer of greenhouse gases has set a goal of becoming a net-zero emitter by 2070, and business tycoons including Adani and his rival Mukesh Ambani are leading the effort, pouring billions of dollars into green energy.

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English News Headline : Gautam Adani will enter Mukesh Ambani’s biggest business.