In a strong signal of India’s expanding clean energy and tech ambitions, seven public sector companies were launched in July, including Kerala’s Hydrogen Valley Innovation Cluster (HVIC) and the Amaravati Quantum Computing Centre Ltd in Andhra Pradesh.

The Kerala HVIC Foundation, set up by the state government, aims to accelerate the energy transition and decarbonisation by building a full hydrogen value chain—from production and storage to distribution and end-use applications. The project will also drive innovation through dedicated research and development initiatives, according to ANERT, the state’s renewable energy agency.

Meanwhile, Andhra Pradesh incorporated the Amaravati Quantum Computing Centre Ltd, a flagship project of Chief Minister N. Chandrababu Naidu. The centre is part of the state’s upcoming Quantum Valley tech park in Amaravati and features key collaborations with IBM and Tata Consultancy Services (TCS). IBM had announced in May that it would partner with the state to develop quantum infrastructure, while TCS will support the development of advanced algorithms and applications relevant to Indian industry and academia.

In the power sector, the Union government continued expanding transmission capacity, incorporating three new companies: SR WR Power Transmission Ltd, Sakoli Power Transmission Ltd, and Umred Power Transmission Ltd.

According to data from the Ministry of Corporate Affairs, over 17,750 companies and 7,300 limited liability partnerships were registered in July. The ministry noted that the Companies Act 2013 has significantly eased incorporation. In FY15, 64,000 companies were established, rising nearly threefold to over 1.85 lakh by FY24.

Notably, 72% of new businesses set up each month now belong to the services sector, with most of them categorised as micro, small and medium enterprises (MSMEs)—the backbone of India’s economy.

Source:

https://www.livemint.com/economy/gree-hydrogen-amaravati-power-clean-energy-kerala-ibm-tcs-companies-11754316145729.html