RELIANCE AND MAHARASHTRA GOVT SIGN HISTORIC MOU WORTH RS 3.05 Lakh Crore at WEF 2025
The Maharashtra government and Reliance Industries have signed a historic Memorandum of Understanding (MoU) worth ₹3,05,000 crore, set to boost the state’s growth and create over 3,00,000 employment opportunities.
Reliance IndustriesMaharashtraWef 2025MouEconomic GrowthReal Estate MaharashtraJan 23, 2025
The Chief Minister’s Office (CMO) in Maharashtra highlighted the importance of this agreement, which is expected to significantly boost the state's economic growth.
Chief Minister Devendra Fadnavis characterized the agreement as a groundbreaking moment for Maharashtra, stating, “A groundbreaking moment for Maharashtra as the GoM and RIL signed a historic MoU worth Rs 3,05,000 crore, with over 3,00,000 employment opportunities across diverse sectors, including new energy, retail, hospitality, and high-tech manufacturing, under the leadership of Anant Ambani.”
The MoU includes investments in various sectors such as petrochemicals, polyester, renewable energy, bio-energy, green hydrogen, green chemicals, industrial area developments, retail, data centers, telecommunications, hospitality, and real estate.
This comprehensive approach aims to diversify and strengthen Maharashtra’s economic landscape.
Reliance Industries' shares saw a slight dip of 0.90% to Rs 1,265.75 in Thursday's trade.
However, the stock has shown a 4.69% decline over the past year, compared to an 8.91% rise in the benchmark BSE Sensex.
Anant Ambani, in his remarks, expressed gratitude to Chief Minister Fadnavis and the Maharashtra government, saying, “It is an extreme honour and moment of pride for me and for RIL as we embark on this remarkable MoU with the Government of Maharashtra.
RIL has always been deeply committed to the idea of ‘New India’ under the visionary leadership of Prime Minister Narendra Modi.”
He further added, “As the largest business group in India, we are spread across the country, furthering our commitment to build a great nation.
In this regard, our Rs 3.05 lakh crore MoU, spread across new energy, retail, hospitality, green power, and hi-tech manufacturing, is a step in that direction.
We are inspired by the phenomenal leadership of Devendra Fadnavis, whom I have known personally for over 10 years.”
Anant Ambani praised CM Fadnavis’ vision to position Maharashtra as the gateway to India’s $5 trillion economy.
He emphasized that the CM’s vision to make Maharashtra the first trillion-dollar state is practical and achievable in the next few years.
“We are with Maharashtra in this pursuit,” Ambani concluded.
Reliance Industries has been a key player in India’s economic landscape, and this MoU signifies its continued commitment to driving growth and development in the country, particularly in Maharashtra.
Frequently Asked Questions
What is the total value of the MoU signed between Reliance Industries and the Maharashtra government?
The total value of the MoU signed between Reliance Industries and the Maharashtra government is Rs 3,05,000 crore.
How many employment opportunities are expected to be created through this MoU?
The MoU is expected to create over 3,00,000 employment opportunities across diverse sectors.
Which sectors are covered under this MoU?
The MoU covers various sectors including petrochemicals, polyester, renewable energy, bio-energy, green hydrogen, green chemicals, industrial area developments, retail, data centers, telecommunications, hospitality, and real estate.
Who is the Chief Minister of Maharashtra mentioned in the article?
The Chief Minister of Maharashtra mentioned in the article is Devendra Fadnavis.
What is Anant Ambani's role in this MoU?
Anant Ambani, a key leader at Reliance Industries, expressed gratitude to the Maharashtra government and highlighted the company's commitment to the growth of ‘New India’ under the leadership of Prime Minister Narendra Modi.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.