Reliance Industries Ltd (RIL) has announced of making new investments in renewable energy and green hydrogen in Tamil Nadu, Mukesh Ambani, Chairman and Managing director, said in a video message on at the Tamil Nadu Global Investor Meet (GIM) in Chennai.

"We shall work closely with the state government to promote sustainable development, which is necessary to save Mother Earth from the climate crisis. I am confident that the state government will support our forthcoming initiatives with viable policies" he added.

Reliance Industries has committed to US$ 10 billion of investment over three years in the new energy business, and becoming net carbon zero by 2035.

Ambani, in his video message, said that Tamil Nadu has become one of the most business friendly states in the country under the leadership of Thiru Stalin. The state has always been a land of rich cultural and intellectual heritage and in modern times, the state has witnessed "shining progress in industry, agriculture and services" and is contributing to all around progress and prosperity of India, he said.

"Therefore, I have every reason to believe it will soon become a trillion dollar economy, which is the apt slogan of this summit,” Ambani said.