Reliance plans Rs 1 lakh crore investment in Andhra Pradesh, says Anant Ambani
Reliance Industries plans to invest Rs 1 lakh crore in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of…
Reliance Industries announced a staggering Rs 1 lakh crore investment in Andhra Pradesh, aimed at establishing compressed biogas plants and creating over 3 lakh jobs. Speaking at the foundation stone-laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture, Anant Ambani, the company's executive director, emphasized the investment's role in transitioning towards cleaner energy and supporting farmers.
Reliance will convert agricultural waste into methane-rich gas, reducing emissions and dependence on imported fossil fuels. The company plans to extend its support to the Indian School of Agriculture by integrating artificial intelligence and modern technology with traditional farming knowledge. Jio, Reliance's telecom arm, will collaborate with the school to reach rural farmers through virtual classrooms.
The Rayalaseema Horticulture Hub, backed by Rs 40,000 crore, will promote technology-driven agriculture in the region. Ambani pledged to build a sustainable future for farmers and rural youth, making agriculture an attractive career choice through technology, skills, and entrepreneurship opportunities.
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