Indian multinational conglomerate Reliance Industries plans to invest 750 billion rupees – roughly $9.4 billion – to expand its oil-to-chemicals business over the next five years. Investments will be focused on polyesters, vinyls and carbon fiber.
UK-headquartered multinational energy group BP has announced it will inject $70 million later this year into India’s Green Growth Equity Fund (GGEF). Based in Mumbai, GGEF invests in scalable operating companies and platforms across renewable energy, energy efficiency, energy storage, e-mobility, resource conservation and associated value chains.
