Reliance Industries to Invest in Green Energy and Digital Expansion in Tamil Nadu

8 Jan 2024 , 12:12 PM

Reliance Industries Ltd (RIL) plans to invest in renewable energy and green hydrogen projects in Tamil Nadu, as announced by Chairman Mukesh Ambani at the Tamil Nadu Global Investor Meet on January 7.

The investment aligns with RIL’s commitment to investing $10 billion over three years in the new energy sector and achieving net carbon neutrality by 2035.

Ambani expressed confidence in collaborating with the state government for sustainable development and emphasized the need to address the climate crisis.

RIL aims to offer affordable green hydrogen as an alternative to traditional fuels.

In his video message, Ambani highlighted various investments in Tamil Nadu, including Rs 35,000 crore by Reliance Jio for digital expansion, reaching 35 million subscribers across the state.

Jio completed the fastest 5G rollout globally in December 2023, enabling Tamil Nadu to leverage artificial intelligence and fourth industrial revolution technologies.

RIL partnered with Brookfield Asset Management and Digital Realty to establish a state-of-the-art data center opening soon.

The conglomerate has opened nearly 1,300 retail stores in Tamil Nadu, investing over Rs 25,000 crore.

Ambani praised Tamil Nadu’s business-friendly environment under the leadership of Chief Minister Thiru Stalin and expressed confidence in the state becoming a trillion-dollar economy.

Other companies, including Tata Electronics, JSW Energy, and TVS Group, also unveiled significant investments at the Tamil Nadu Global Investor Meet.

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