Reliance Industries Limited has signed a Memorandum of Understanding (MoU) today with the Gujarat Government for a total investment of Rs. 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct/indirect employment opportunities in the State
Parimalbhai Nathwani signed MoU for Reliance Industries Ltd while Dr. Rajiv Kumar Gupta signed MoU for the Government of Gujarat
Reliance Industries Ltd (RIL) proposes to invest Rs. 5 lakh crore in Gujarat over the next 10 to 15 years to build a 100 GW Renewable Energy Power Plant and a Green Hydrogen Power Plant. Development of the Ecosystem RIL will create an ecosystem to assist Small and Medium Businesses (SMBs) and encourage entrepreneurs to adopt new technologies and innovations that will lead to the captive use of Renewable Energy and Green Hydrogen.
RIL’s efforts to decarbonize and create a green ecosystem stem from Prime Minister Narendra Modi’s vision. RIL has begun the process of scouting land for a 100 GW renewable energy power project in Kutch, Banaskantha, and Dholera, in consultation with the Gujarat government.
The company has requested for 4.5 lakh acres of land in Kutch RIL wil invest another Rs. 60,000 crore in setting up New Energy Manufacturing Integrated Renewable Manufacturing: 1)Solar PV Module (manufacture of Poly-silicon, wafer, cell & module), 2) Electrolyzer, 3) Energy-storage Battery, 4) Fuel Cells
Further Rs 25,000 crore investments will be made by RIL in existing projects and new ventures over next 3 to 5 years RIL has also proposed to invest Rs 7,500 crore over 3 to 5 years for Jio Network upgradation to 5G and another Rs. 3,000 crore over 5 years in Reliance Retail.