Reliance Industries to Invest ₹3.05 Lakh Crore in Maharashtra, Creating 3 Lakh Jobs
Reliance Industries Limited (RIL) has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹3.05 lakh crore in the state. This significant investment is set to generate approximately 3 lakh job opportunities across various sectors, including new energy, retail, hospitality, and high-tech manufacturing. The MoU was formalized during the World Economic Forum (WEF) in Davos.
Anant Ambani, representing RIL, expressed pride in the agreement, stating, “This MoU is a significant step towards building a New India under the visionary leadership of Prime Minister Narendra Modi.” He also commended Maharashtra Chief Minister Devendra Fadnavis for his vision to position the state as the gateway to India’s $5 trillion economy and to transform it into the first $1 trillion state economy in the near future.
This investment aligns with RIL’s ongoing efforts to expand its footprint in India’s energy and technology sectors. Previously, RIL announced plans to establish the Dhirubhai Ambani Green Energy Giga Complex in Gujarat, aiming to set up 100 gigawatts of renewable power. The current commitment in Maharashtra underscores RIL’s dedication to contributing to India’s economic growth and sustainable development goals.
The Maharashtra government has welcomed this initiative, highlighting the potential for economic development and employment generation. The collaboration is expected to bolster the state’s infrastructure and technological capabilities, fostering an environment conducive to innovation and industrial growth.
