Reliance Industries Limited (RIL) has signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 5.95 lakh crore that will create 10 lakh direct and indirect jobs in the state, the company stated in a release Thursday. The MoU was signed as part of the investment promotion activity for the Vibrant Gujarat Summit 2022.
The proposal includes Rs 5 lakh crore investment from RIL in the state over 10-15 years to set up 100 GW Renewable Energy Power Plant and Green Hydrogen Eco-System development. RIL will develop an eco-system for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen.
