Mega Reliance investment in Gujarat
Tags: Economics/Business
Reliance Industries has signed an agreement with the Gujarat government to invest Rs. 5.95 lakh crore in the state in the next 10 to 15 years.
- The agreement was signed as part of investment promotion activities for the Vibrant Gujarat Summit 2022.
- Reliance Industries Limited (RIL) plans to set up 100 GigaWatt (GW) renewable energy power plants and a green hydrogen ecosystem in the state with an investment of Rs. 5 lakh crores.
- It will invest Rs. 60,000 crore in setting up manufacturing facilities for solar Photovoltaic(PV) modules, battery, fuel cells and electrolyzers.
- RIL has set up the world's largest oil refinery complex at Jamnagar, Gujarat.
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