Reliance to invest ₹5.95 lakh crore in Gujarat, 10 lakh people will get jobs

New Delhi. Reliance Industries Limited ie RIL (Reliance Industries Ltd.) has made another big deal. The company has signed an MoU with the Gujarat government on Thursday. This MoU is for a total investment of Rs 5.95 lakh crore. This is part of the investment promotion activity for Vibrant Gujarat Summit 2022. In this project, about 10 lakh people will get direct and indirect employment opportunities in Gujarat.

Reliance Industries said in a statement on Thursday that the company will invest about Rs 5 lakh crore in the next 10-15 years to make Gujarat a net zero and carbon free state. The company will develop 100 GW renewable energy power plant and green hydrogen eco-system. The company will develop an eco-system, through which SMEs and entrepreneurs will get an opportunity to grow through new technology and innovation.

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In a statement issued by the company, it has been said that the company’s decarbonization and green eco-system initiative is inspired by the vision of Prime Minister Narendra Modi. Reliance has started land scouting for 100 GW renewable energy power projects in Kutch, Banaskantha and Dholera. The company has demanded 4.5 lakh acres of land in Kutch from the administration.

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Apart from this, 25 thousand crore rupees will be invested by Reliance in the next 3 to 5 years in existing projects and new ventures. The company has also proposed to invest Rs 7,500 crore for upgradation of Jio network to 5G in 3 to 5 years and Rs 3 thousand crore in Reliance Retail in 5 years.

(Disclaimer- Network18 and TV18 companies operate the channel/website controlled by Independent Media Trust of which Reliance Industries is the sole beneficiary.)

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