Ahmedabad: Mukesh Ambani-LED Reliance Industries (RIL) signed the MoU on Thursday with the Gujarat government for the total investment of Rs 5.95 lakh Crore as part of the promotional activity for a vibrant Gujarat Summit 2022.
These projects will create 10 lakh direct work And indirectly.
Opportunities in the state, said the company.
“To make Gujarat net-zero and carbon free, RIL proposes to invest RS 5 Lakh Crore in the state for 10 to 15 years to form a 100gw renewable energy power plant and the development of green hydrogen ecosystems,” further companies.
Added.
The largest private sector company in the country will develop an ecosystem to help small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technology and innovation, which leads to the use of renewable energy and green hydrogen.
In consultation with the Gujarat government, RIL has begun the land scope process for the 100GW of renewable energy power projects at Kutch, Banaskantha and Dholera.
The company has requested 4.5 lakh hectares in Kutch.
RIL will invest in another 60,000 crore RS in preparing ‘renewable facilities integrated with new manufacturing’ including solar PV modules (for manufacturing polysilicon, wafers, cells & modules), electrolysis, energy storage batteries and fuel cells.
Additional investment with RS 25,000 crore tones will be made by RIL in existing projects and new businesses for the next three to five years, he said.
RIL has also proposed to invest RS 7,500 Crore for three to five years to increase the Jio-5G network to 5G and RS 3,000 Crore more than 5 years with Reliance Retail.
The MoU was signed by the Secretary of the Head of the Government of the Gujarat Government Department, Rajiv Kumar Gupta, and the President of the Group of Ril Parimal Nathwani in front of Gujarat CM Bhupendra Patel.