Reliance Industries will invest ₹3.05 lakh crore in Maharashtra, Anant Ambani said- We are committed to India

Reliance Industries (RIL), the country’s largest company in terms of market capitalization, has signed a major deal with the Maharashtra government. Under this agreement, RIL will invest ₹3,05,00 crore in different sectors in Maharashtra. These sectors will be related to new energy, retail, hospitality, green power and high-tech manufacturing. This agreement was announced in the sideline meetings of the World Economic Forum (WEF) in Davos, Switzerland.

In the two days of the WEF meeting, the Maharashtra government has signed 33 agreements worth a total of ₹9,72,000 crores. Earlier on Tuesday, the Maharashtra government had also signed an agreement of ₹3,00,000 lakh crores with JSW Group. This group will also invest in the Naxalite area of ​​Gadchiroli district of Maharashtra.

Regarding the agreement with RIL, Maharashtra Chief Minister Devendra Fadnavis called it a historic moment for the state. He said, “RIL is interested in investing in sectors like petrochemicals, polyester, renewable energy, green hydrogen, green chemicals, industrial area development, retail, data center, telecommunications, hospitality and real estate. This will create 3,00,000 employment opportunities.”

RIL’s non-executive director, “Anant Ambani said that the company is fully committed to the idea of ​​New India led by PM Modi. As the country’s largest business group, we have a nationwide reach. We are committed to be a part of building a great India. In this direction, RIL has signed this MoU of ₹ 3,05,000 crore. We are inspired by the leadership of Chief Minister Devendra Fadnavis, whom I have known for the last 10 years.”

Maharashtra government has also signed agreements with these companies

Tata Group has signed agreements to invest ₹30,000 crores in Maharashtra, battery manufacturing company Vardhan Lithium has signed agreements to invest ₹42,535 crores, Erulearning Solutions has signed agreements to invest ₹20,000 crores, Powerin Urja India has signed agreements to invest ₹15,299 crores, Open Origin India has signed agreements to invest ₹15,000 crores, Rural Enhancers has signed agreements to invest ₹10,000 crores, Welspun World has signed agreements to invest ₹8,500 crores, United Phosphorus has signed agreements to invest ₹6,500 crores, Olectra EV has signed agreements to invest ₹3,000 crores and Ceat has signed agreements to invest ₹500 crores.