Mukesh Ambani to dominate renewable energy sector

Under Chairman Mukesh Ambani’s leadership, Reliance Industries has made a groundbreaking announcement that has ablaze the world of renewable energy. The company has revealed that it will invest in a 10-gigawatt solar energy project in Andhra Pradesh, India, which will be a powerful step towards clean energy production.

Speaking at the Global Investors Summit 2023, Ambani made it clear that Reliance Industries is committed to partnering with both the people and government of Andhra Pradesh to facilitate their state’s progress. With as much as ₹1.50 lakh crore invested in Reliance’s KG-D6 assets, which have helped to develop and support gas pipelines, the natural gas produced from these pipelines will contribute to almost 30% of India’s gas production, aiding the country’s transition to a cleaner, more sustainable energy future.

The announcement of the 10-gigawatt solar energy project comes as a welcome development, and it is expected to generate numerous employment opportunities for the people of Andhra Pradesh while simultaneously driving India’s transition to a clean energy future.

Additionally, Ambani revealed that the rollout of Jio’s True 5G network would be completed across India, including Andhra Pradesh, by the end of 2023. With Jio’s True 5G, a new wave of the digital revolution will be triggered in Andhra Pradesh, benefiting every sector of the economy.

Ambani’s speech at the Global Investors Summit 2023 was full of admiration for India’s determined and farsighted leadership, which has contributed to the country’s status as the fastest-growing economy globally. Similarly, Andhra Pradesh’s growth has been nothing short of phenomenal under the leadership of Chief Minister YS Jagan Mohan Reddy.

In addition, Reliance Retail has partnered with over 1.2 lakh Kirana merchants across 6,000 villages in the state, equipping them with the tools necessary to thrive in the digital age. This vertical has created more than 20,000 direct jobs and numerous indirect jobs in Andhra Pradesh, further contributing to the state’s all-around progress.

The 10-gigawatt solar energy project in Andhra Pradesh is a significant investment by Reliance Industries in India’s renewable energy sector. It will not only create employment opportunities but will also drive India’s transition to a cleaner, more sustainable energy future. Reliance Industries’ commitment to the people of Andhra Pradesh is unwavering, and this latest investment is a testament to that.