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

27 Jan 2025 CW Team

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.

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