RIL and Maharashtra Sign Rs 3.05 Lakh Crore Investment MoU
A historic moment for Maharashtra as the state government and Reliance Industries Limited (RIL) ink a Rs 3.05 lakh crore investment deal, set to create over 300,000 jobs across various sectors.
RilMaharashtraInvestmentJobsMouReal Estate MaharashtraJan 23, 2025
This landmark agreement was signed during the World Economic Forum (WEF) in Davos, as confirmed by a tweet from the official X account of Maharashtra Chief Minister Devendra Fadnavis.
According to CM Fadnavis, the investment will span a wide range of sectors including petrochemicals, polyester, renewable energy, green hydrogen, green chemicals, industrial area development, retail, data centres, telecommunications, hospitality, and real estate.
The deal is expected to create over 300,000 jobs, significantly boosting the state's economy.
“A groundbreaking moment for Maharashtra as the Government of Maharashtra (GoM) and RIL signed a historic MoU worth Rs 3,05,000 crore, with over 300,000 employment opportunities across diverse sectors, including new energy, retail, hospitality, and high-tech manufacturing, under the leadership of Anant Ambani,” Fadnavis tweeted.
Anant Ambani, in a video accompanying the tweet, expressed his pride and honor in signing the MoU.
“RIL has always been deeply committed to the idea of ‘New India’ under the visionary leadership of Prime Minister Narendra Modi.
As the largest business group in India, we are spread across the country, furthering our commitment to build a great nation,” Ambani stated.
He went on to say, “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.”
Ambani lauded Chief Minister Fadnavis' vision to make Maharashtra the gateway to India’s 5-trillion US dollar economy and the first trillion-dollar state.
He praised thePlanning process of the Fadnavis government, calling it practical and achievable in the next few years.
“We are with Maharashtra in this pursuit,” Ambani added.
The MoU is a testament to RIL's commitment to sustainable and inclusive growth in India.
It aligns with the company's vision to contribute to building a robust and prosperous nation.
The diverse sectors covered by the MoU are expected to drive economic growth and create a significant number of employment opportunities, positioning Maharashtra as a leading economic hub in the country.
Frequently Asked Questions
What is the value of the MoU signed between RIL and the Maharashtra government?
The MoU signed between Reliance Industries Limited (RIL) and the Maharashtra government is worth Rs 3.05 lakh crore.
How many jobs is this investment expected to create?
The investment is expected to create over 300,000 jobs across various sectors in Maharashtra.
Where was the MoU signed?
The MoU was signed during the World Economic Forum (WEF) in Davos.
What sectors will the investment cover?
The investment will span sectors such as petrochemicals, polyester, renewable energy, green hydrogen, green chemicals, industrial area development, retail, data centres, telecommunications, hospitality, and real estate.
Who is the current Chief Minister of Maharashtra?
The current Chief Minister of Maharashtra is Devendra Fadnavis.
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