Mumbai: With a newly launched financial services unit planning to offer insurance products, a telecom arm Jio providing wireless broadband services to homes, and illustrious investors queuing up for a piece of the retail unit, billionaire Mukesh Ambani on Monday mapped out the next phase of growth for his USD 200 billion-conglomerate.
For example, the company plans to build 100 facilities to process agri-residue, a major contributor to air pollution in the north during the colder months, into a gas that can be used to power vehicles and produce electricity. This is being done in an effort to reduce the environmental impact of the company's core fossil fuel operations.