Published
Feb 13, 2023
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Reliance Industries Limited plans Rs 75,000 crore investment in Uttar Pradesh

Published
Feb 13, 2023

Industry and retail giant Reliance Industries plans to invest Rs 75,000 crore in Uttar Pradesh over the coming four years in areas including retail. This should create a wide range of employment opportunities in the area. 

Mukesh Ambani has large scale investment plans for Uttar Pradesh


“We plan to invest an additional Rs 75,000 crore in UP over the next four years across Jio, retail, and renewable businesses,” said Reliance Industries Limited’s chairman Mukesh Ambani at the Uttar Pradesh Global Investors Summit 2023 on February 10, Indian Retailer Bureau reported. “These new investments will create an additional over 1 lakh jobs in the state… It will benefit our hard-working kisans, local artisans, craftsmen, MSMEs, as well as the supply chain ecosystem in UP.”
 
The business’ investment in Uttar Pradesh will have the dual effect of boosting the area’s economy and improving its social welfare, according to Ambani. Reliance Industries Limited has already invested heavily in the area to the tune of around Rs 50,000 crore. 

As well as expanding its retail network, Reliance Industries Limited plans to roll out 5G mobile services and set up renewable energy in the state in the coming four years. The business is also looking to expand into the bio-energy industry in the state, which converts agricultural waste into gas which can be utilised as various kinds of fuel. 

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