Reliance Industries Limited (RIL) signed an MoU on Thursday with theGujaratgovernment for a total of Rs 5.95 lakh crore as part of investment promotion activity for Vibrant Gujarat Summit 2022.
These projects will create 10 lakh direct and indirect EMPLOYMENT opportunities in the state, the company said in a media statement.
The countrys largest private sector company will develop an eco-system for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of RENEWABLE ENERGY and green hydrogen.
In consultation with government of Gujarat, RIL has started the process of scouting land for 100GW renewable energy power project in Kutch, Banaskantha and Dholera. The company has requested for 4.5 lakh acres of land in Kutch.
RIL will invest another Rs 60,000 crore in setting up new energy manufacturing-integrated renewable facilities including solar PV module (for manufacture of polysilicon, wafer, cell & module), electrolyzer, energy-storage battery and Fuel Cells.
The site of these Plants will be located at the new 5,000 acres Green Energy Giga Complex in Jamnagar. The company is planning to enter the solar manufacturing and generation with a target of 100GW of Solar Energy by 2030.