Reliance to Invest Rs 3.05 Trillion in Maharashtra, Creating 300,000 Jobs
ECONOMY & POLICY

Reliance to Invest Rs 3.05 Trillion in Maharashtra, Creating 300,000 Jobs

Reliance Industries Limited (RIL) has signed an MoU with the Maharashtra government to invest Rs 3.05 trillion across various sectors, including new energy, retail, hospitality, and high-tech manufacturing. This massive investment is expected to generate 300,000 jobs in the state.

The MoU was signed at the World Economic Forum in Davos, with RIL director Anant Ambani highlighting the company's commitment to India's growth under Prime Minister Narendra Modi’s leadership. He praised Chief Minister Devendra Fadnavis for his vision in making Maharashtra a $1 trillion economy.

Chief Minister Fadnavis described the MoU as a "groundbreaking moment" and emphasised Maharashtra's growing appeal among global investors.

At the World Economic Forum, Maharashtra also signed over 50 MoUs with major companies, including the Tata Group, Ceat, Essar Renewables, and Bharat Forge. The Tata Group plans to invest Rs 30,000 crore, while Essar Renewables has committed Rs 8,000 crore, and UPL Limited announced Rs 6,500 crore in investments.

Fadnavis lauded Maharashtra as India's "powerhouse" and "data centre capital," housing 60% of the nation’s data centre capacity.

Reliance Industries Limited (RIL) has signed an MoU with the Maharashtra government to invest Rs 3.05 trillion across various sectors, including new energy, retail, hospitality, and high-tech manufacturing. This massive investment is expected to generate 300,000 jobs in the state. The MoU was signed at the World Economic Forum in Davos, with RIL director Anant Ambani highlighting the company's commitment to India's growth under Prime Minister Narendra Modi’s leadership. He praised Chief Minister Devendra Fadnavis for his vision in making Maharashtra a $1 trillion economy. Chief Minister Fadnavis described the MoU as a groundbreaking moment and emphasised Maharashtra's growing appeal among global investors. At the World Economic Forum, Maharashtra also signed over 50 MoUs with major companies, including the Tata Group, Ceat, Essar Renewables, and Bharat Forge. The Tata Group plans to invest Rs 30,000 crore, while Essar Renewables has committed Rs 8,000 crore, and UPL Limited announced Rs 6,500 crore in investments. Fadnavis lauded Maharashtra as India's powerhouse and data centre capital, housing 60% of the nation’s data centre capacity.

Next Story
Equipment

Wilo Pumps Boost Efficiency in India’s Metro Stations and Airports

As India’s metro stations and airports handle millions of passengers daily, ensuring seamless operations is critical. One key factor in keeping these transport hubs running smoothly is pump technology. Wilo, a global leader in pump solutions, plays a vital role in water supply, drainage, fire safety, HVAC, and wastewater management in these high-traffic facilities.Metro stations and airports require a steady water supply for drinking, restrooms, cleaning, comfort cooling and fire fighting. Wilo pumps provide reliable water flow, ensuring uninterrupted service even during peak hours. Addition..

Next Story
Products

VEKA Acquires 100% Control of uPVC Business in JV NCL VEKA

VEKA Germany, a global leader in the uPVC profile industry, has successfully acquired 100% ownership of the Company, marking VEKA’s unwavering commitment to the Indian market and its confidence in India’s rapidly expanding construction, real estate, and infrastructure sectors. With VEKA now holding 100% control, following a takeover of the remaining 50% stake previously held by NCL and other shareholders.Since its launch in 2009, the company has become India’s largest producer of uPVC profiles for doors and windows. VEKA holds largest market share across 130 cities, with a strong product..

Next Story
Infrastructure Transport

Titagarh Rail Systems Wins Adani Cement Order for 16 Wagon Rakes

Titagarh Rail Systems Limited (TRSL), a leading Indian rolling stock manufacturer, has been awarded a significant contract from Ambuja Cements Limited and ACC Limited, part of Adani Cement. The order, valued at approximately Rs 537.11 crore, includes the manufacture and supply of 16 BCFCM (Bogie Covered Fly Ash/Cement Wagon) rake wagons with BVCM (Bogie Brake Van Type) wagons, further reinforcing TRSL’s leadership in the freight rolling stock sector.The contract underscores TRSL’s expertise in designing and manufacturing specialised freight wagons for bulk transportation. The BCFCM and BVC..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?