RCPL Invests ₹1513 Crore in Maharashtra to Boost Food and Beverage Manufacturing

Mumbai: Reliance Consumer Products Ltd (RCPL), the packaged consumer goods arm of Reliance Industries Ltd, has signed a memorandum of understanding (MoU) with the Maharashtra government to invest ₹1,513 crore in Katol, Nagpur. The investment will be used to set up a manufacturing facility for beverages and food products, generating employment for 500 people and enhancing Maharashtra’s food processing and consumer goods industry.

The Chief Minister’s Office (CMO) of Maharashtra announced the signing on social media platform X on Thursday evening. The state government also signed other MOUs totaling ₹1.08 trillion to attract greater investment into the state in sectors such as real estate, technology, data centres, and packaged goods manufacturing.

CM Devendra Fadnavis presided over the signing and exchange, which was witnessed by RCPL delegates. This move comes as RCPL plans to invest heavily in the Indian market, where it currently sells beverages, floor cleaners, and snacks.

Last month, RCPL's parent company, Reliance Industries Ltd (RIL), announced its aim for Reliance Consumer Products to reach ₹1 trillion in revenue from its packaged goods business within the next five years. The company plans to invest ₹40,000 crore over the next three years in building manufacturing capabilities for packaged foods and large-scale infrastructure, including Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies.

RCPL has set clear ambitions for its future. Isha M. Ambani, executive director of Reliance Retail Ventures Ltd, stated at the company’s 48th annual general meeting (AGM) that their near-term goal is to become the fastest-growing consumer brands company to reach ₹1 trillion in revenue within five years. The long-term ambition is to become India's largest FMCG company with a global presence, making RCPL a significant value-creating engine for Reliance Industries.

In a recent interview with Mint, T. Krishnakumar, director of RCPL, shared the company's plans to set up food parks across the country. “We want to have a food park in every state. Alongside, we will still have a hybrid model. We are working with partners who co-manufacture, but considering the scale of work that needs to be done, we are going to have some amount of manufacturing, which will be done by us. For instance, for home and personal care, we don't need distributed manufacturing like we do for food and beverages because of shelf life constraints, etc.,” he said.

The investments come at a time when more companies are planning to shift from unbranded to branded goods over the coming decades. About 60% of total retail consumption expenditure in India is still food-related. According to recent estimates by Deloitte, India’s market for packaged convenience food is expected to reach ₹4,883 billion by FY26, with an 11% compound annual growth rate (CAGR) over FY22. India’s overall non-alcoholic beverages market is expected to grow 6.7% annually until 2028.