Reliance Industries chairman Mukesh Ambani on Friday said his group will set up a 10-gigawatt renewable solar energy project in Andhra Pradesh.
Speaking at the inaugural session of the southern state’s two-day Global Investors Summit 2023 in Visakhapatnam, Ambani said Reliance will create 50,000 new job opportunities in the state and promote sale of products made in Andhra via its retail business.
He said RIL has invested more than ₹1.5 lakh crore on the KG D-6 gas field in the Krishna-Godavari basin off the Andhra Coast, developing and supporting gas pipelines. “Today, the gas produced by Reliance at the KG-D6 basin is fuelling India’s clean energy transition and will contribute to nearly 30% of India’s gas production,” Ambani said.
Reliance Retail has partnered with over 120,000 kirana merchants across 6,000 villages of Andhra Pradesh, equipping them with tools. Ambani said the group retail firm has created more than 20,000 direct jobs and a larger number of indirect jobs in the state. Reliance Retail will source significantly more agri and agro-based products and manufactured goods from the state, he said. “Apart from increasing the incomes of farmers, artisans and others, this will directly create over 50,000 livelihood opportunities,” Ambani added.