Three Adani portfolio companies — Adani Enterprises Ltd (AEL) (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd — joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, forming the Adani Mundra Cluster.”By joining the World Economic Forum’s Transitioning Industrial Clusters initiative, the signatories will have the opportunity to collaborate with global industry peers, think-tanks, policymakers and experts to pioneer innovative approaches towards decarbonization,” said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. “The Adani Mundra Cluster aspires to become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country’s dependency on energy imports.” The move is aimed at enhancing collaboration and aligning the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050.”We are delighted to welcome the Adani Mundra Cluster to our international community of 23 industrial clusters, as one of the first two clusters in India,” said Roberto Bocca, Head of the Centre for Energy and Materials and Member of the Executive Committee at the World Economic Forum. “By tapping into Gujarat’s significant renewable energy capacity, the cluster is on track to becoming one of the leading green hydrogen hubs in South Asia. Within the Transitioning Industrial Clusters community, Adani Mundra can exchange knowledge with fellow clusters and advance the energy transition.”(more to come)