New Delhi. Reliance Industries Limited (Reliance Industries Ltd.) has struck another great deal. RIL has signed a Memorandum of Understanding (MoU) with the Government of Gujarat on Thursday. This MoU is for a total investment of Rs 5.95 lakh crore. This Vibrant Gujarat Summit 2022 (Vibrant Gujarat Summit 2022) is part of the investment promotion activity. Under this project, about 10 lakh people will get direct and indirect employment in Gujarat.
Reliance Industries (RIL) said on Thursday that the company will invest about Rs 5 lakh crore in the next 10-15 years to make Gujarat a net zero and carbon free state. The company will develop 100 GW renewable energy power plant and green hydrogen eco-system. The company will develop an eco-system, through which SMEs and entrepreneurs will get an opportunity to grow through new technology and innovation.
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RIL started the search for land
It has been said on behalf of RIL that the company’s de-carbonization and green eco-system initiative is inspired by the vision of Prime Minister Narendra Modi. Reliance has started land scouting for 100 GW renewable energy power projects in Kutch, Banaskantha and Dholera. The company has demanded 4.5 lakh acres of land in Kutch from the administration.
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RIL to invest 25 thousand crores in new ventures
Apart from this, 25 thousand crore rupees will be invested by Reliance in the next 3 to 5 years in existing projects and new ventures. The company has also proposed to invest Rs 7,500 crore to upgrade Jio network to 5G in 3 to 5 years and Rs 3 thousand crore in Reliance Retail in 5 years.
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Tags: Mukesh Ambani, PM Narendra Modi, Reliance industries, RIL