<p>India could become a global green energy superpower with exports of clean energy rising to $500 billion over the next 20 years, Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries, said on Wednesday.</p>.<p>Indian companies including Reliance have announced plans worth billions of dollars to boost India's renewable energy capacity including building battery storage, fuel cells and producing green hydrogen at less than $1 per kilogram.</p>.<p>"If the last 20 years, we were known for India's emergence as an IT superpower, next 20 years, I believe, along with technology, will mark our emergence as a superpower in energy and life sciences," Ambani, one of Asia's richest men, said at the Asia Economic Dialogue.</p>.<p>India is the world's third largest oil importer and consumer and its power sector is heavily reliant on coal.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/india-plans-to-produce-5-mln-tonnes-of-green-hydrogen-by-2030-1082574.html" target="_blank">India plans to produce 5 mln tonnes of green hydrogen by 2030</a></strong></p>.<p>Ambani said India should have a strategy to end dependence on fossil fuels in the next two to three decades.</p>.<p>"For the next two to three decades, India's dependence on coal and imported oil will continue. But, we must have a plan to eliminate that in the next two to three decades."</p>.<p>The billionaire said India would have to follow "low-carbon and no-carbon strategies" in the near and medium term.</p>.<p>Prime Minister Narendra Modi has set a target to make India a net-zero carbon emitter by 2070. The nation plans to install 450 gigawatts (GW) of renewable energy by 2030, from about 105 GW currently, and has recently announced plan to produce 5 million tonnes of green hydrogen per year by 2030.</p>.<p>"We have to make sure (we)... bring cost of green hydrogen at a dollar per kilo and make sure that we transport and disburse it also at less than a dollar per kilo," Ambani said.</p>.<p>"I think we will be able to do all this plus or minus 20%," he said.</p>
<p>India could become a global green energy superpower with exports of clean energy rising to $500 billion over the next 20 years, Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries, said on Wednesday.</p>.<p>Indian companies including Reliance have announced plans worth billions of dollars to boost India's renewable energy capacity including building battery storage, fuel cells and producing green hydrogen at less than $1 per kilogram.</p>.<p>"If the last 20 years, we were known for India's emergence as an IT superpower, next 20 years, I believe, along with technology, will mark our emergence as a superpower in energy and life sciences," Ambani, one of Asia's richest men, said at the Asia Economic Dialogue.</p>.<p>India is the world's third largest oil importer and consumer and its power sector is heavily reliant on coal.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/india-plans-to-produce-5-mln-tonnes-of-green-hydrogen-by-2030-1082574.html" target="_blank">India plans to produce 5 mln tonnes of green hydrogen by 2030</a></strong></p>.<p>Ambani said India should have a strategy to end dependence on fossil fuels in the next two to three decades.</p>.<p>"For the next two to three decades, India's dependence on coal and imported oil will continue. But, we must have a plan to eliminate that in the next two to three decades."</p>.<p>The billionaire said India would have to follow "low-carbon and no-carbon strategies" in the near and medium term.</p>.<p>Prime Minister Narendra Modi has set a target to make India a net-zero carbon emitter by 2070. The nation plans to install 450 gigawatts (GW) of renewable energy by 2030, from about 105 GW currently, and has recently announced plan to produce 5 million tonnes of green hydrogen per year by 2030.</p>.<p>"We have to make sure (we)... bring cost of green hydrogen at a dollar per kilo and make sure that we transport and disburse it also at less than a dollar per kilo," Ambani said.</p>.<p>"I think we will be able to do all this plus or minus 20%," he said.</p>