Reliance Industries is set to invest Rs 65,000 crore in Andhra Pradesh, marking its largest investment outside Gujarat as part of its clean energy push. The company, led by Mukesh Ambani, plans to establish 500 compressed biogas (CBG) plants across the state over the next five years.
According to The Economic Times, the plants will be developed on wasteland, with an estimated investment of Rs 130 crore per plant. The initiative is expected to generate direct or indirect employment for approximately 2.5 lakh people, based on state government projections.
The project was finalized in discussions between Anant Ambani, who leads RIL’s clean energy efforts, and Andhra Pradesh’s IT Minister Nara Lokesh. The two parties are set to sign a memorandum of understanding (MoU) between Reliance and the state’s industries department, with Chief Minister N. Chandrababu Naidu present at the ceremony.
This development follows the Andhra Pradesh government’s announcement of incentives for biofuel ventures under its newly launched integrated clean energy policy. The incentives include a 20% capital subsidy on fixed investments in CBG plants for five years, along with full reimbursement of state goods and services tax (SGST) and electricity duty during the same period.
Nara Lokesh highlighted that the state is eager to attract more investment through these policy incentives, aiming to foster job creation. He also emphasized that the creation of 2.5 lakh jobs would be a “game-changer” for the youth of Andhra Pradesh. The entire process, from initial outreach to the MoU signing, was completed in just 30 days.
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