Reliance Industries Ltd to Invest
Rs. 52,000 Cr. in Andhra Pradesh
Sunday is the key day of the CII Investment Summit. Reliance Industries, a giant business has been making huge investments in Andhra Pradesh. In the electronics and petrochemical sector, Rs. 52,OOO Cr. From Innovations to Electrons … From chips to phones and sets of boxes ready to be made in the state. In Tirupati, Amaravati and Vishakhapatnam will be invested in various stages of development. After signing the MoUs, PMS Prasad, RIL Executive Director, said: “The projects will take off in the next three months and will be completed in three years.
Tirupati (Renigunta) airport is located in 150 acres near a cost of Rs 15,000 crore Reliance will set up an electronics manufacturing company. 10 lakh Jio phones, set boxes, and other electronic goods per day. Here, 25,000 jobs are available in one place. Reliance campus will be set up in 100 acres under ‘State of Art Electronics’ in Petroleum and other fields in Amaravati and Rs 37,000 crore in Visakhapatnam. Research and Development Programs in Electronics and Telecom Engineering in Amaravati, this campus will have more than 20,000 jobs. The center will set up the generation Generation and Wireless Network Infrastructure, Real Time Governance Solution-Services, Integrated Government to Government Solutions, State of Art, Multipurpose Digital Technology Park.
Chief Minister N. Chandrababu Naidu said, “This will revolutionise the IT and the ITES industry and will be a huge step forward in making AP a hardware hub. The institute will be the best in India and on par with global standards.” The Reliance also proposed to invest ₹35,000 crore in the oil and gas sector in phases. “These will generate 25,000 jobs in the years to come.