Reliance Industries to create 10 lakh jobs in three years: Mukesh Ambani

Addressing the 44th AGM through virtual media

Rs 75000 crore to be invested in clean energy Green energy complex opens in Jamnagar

MUMBAI: Reliance Industries Ltd, India's largest market capitalization company, has announced plans to create jobs for one million people in India over the next three years.

Mukesh D, Chairman and Managing Director, Reliance Industries, plans to invest Rs 75,000 crore over the next three years in the field of clean ng. Ambani was addressing the company's 44th Annual General Meeting (AGM) here today.

Mukesh Ambani, son Akash Ambani and daughter Isha Ambani addressed the shareholders at the 44th AGM of Reliance today to take the Reliance Group to new heights by perpetuating Reliance's high growth flight amid the Corona epidemic.

Stating that it was time to take action today to rid the world of the problem of global pollution, Mukesh Ambani said that Reliance had announced its decision to take a big step in the field of clean NGOs in the year 2021 for zero carbon emissions.

As part of this, the company will invest Rs 60,000 crore in the next three years for the green initiative. The company will build four giga factories this year. These gigabyte factories will manufacture and fully integrate critical components for the new NGO ecosystem.

He further said that the Jamnagar Complex would provide ancillary material for support to these Giga factories and infrastructure and utilities for the necessary equipment so that all the critical materials would be available on time. Reliance will also invest an additional Rs 15,000 crore in value chains, partnerships and future technologies, including upstream.

Reliance Industries has started development work on its 5,000-acre Dhirubhai Ambani Green NGO Giga complex in Jamnagar. In the first part, four giga factories will be built.

In which integrated solar photovoltaic module factory will be constructed for the production of solar NGO. In the second part, a modern NGO storage battery factory will be constructed for the storage of intermittent NGOs. The third part will see the construction of an electrolyzer factory for the production of green hydrogen.

In the fourth phase, a fuel cell factory will be set up to convert hydrogen into motive stationery power. Thus, over Rs 60,000 crore will be invested in the scheme in three years. Through which Reliance will provide a fully integrated, end-to-end renewable NGO ecosystem.