Reliance Industries to Invest Rs 65,000 Crore in 500 Biogas: A “Game-Changer” Creating 2.5 Lakh Jobs in Andhra Pradesh

Reliance Industries (RIL) will sign a Memorandum of Understanding (MoU) in Vijayawada on Tuesday, with Andhra Pradesh Chief Minister N. Chandrababu Naidu present, formalizing its Rs 65,000 crore investment in biogas plants.This ambitious initiative is expected to create direct and indirect employment opportunities for around 2.5 lakh people, according to state estimates.

In a major move, Reliance Industries is set to invest Rs 65,000 crore in Andhra Pradesh, making it the company’s largest clean energy initiative outside Gujarat. The plan includes the development of 500 compressed biogas plants over the next five years, with each plant costing Rs 130 crore and being built on wastelands across the state. The project is expected to generate direct and indirect employment for approximately 2.5 lakh people, according to state estimates.

Reliance Industries Signs MoU for Rs 65,000 Crore Biogas Investment in Andhra Pradesh

Reliance Industries (RIL) is set to sign a pivotal Memorandum of Understanding (MoU) in Vijayawada on Tuesday, marking its largest investment in clean energy outside Gujarat. The project, valued at Rs 65,000 crore, will see the development of 500 compressed biogas plants across Andhra Pradesh. This initiative is expected to create substantial employment opportunities, with up to 2.5 lakh people benefiting directly or indirectly.

The collaboration follows the efforts of Andhra Pradesh’s IT Minister Nara Lokesh, who played a key role in facilitating the agreement between RIL’s Anant Ambani and the state government.The memorandum of understanding (MoU) will be officially signed between Reliance Industries (RIL) and the Andhra Pradesh Industries Department, with Chief Minister N. Chandrababu Naidu present for the event.

As part of its push to promote biofuel projects, the Andhra government has introduced attractive incentives, including capital subsidies and tax rebates, under its integrated clean energy policy.This investment signals RIL’s strong commitment to India’s renewable energy sector and its growing focus on sustainability, as the company expands its footprint beyond Gujarat.

Andhra Pradesh Rolls Out Incentives to Boost Biofuel Investments

In a bid to attract investment in the biofuel sector, the Andhra Pradesh government has launched several incentives under its new integrated clean energy policy. These include a 20% capital subsidy on investments in compressed biogas (CBG) plants, alongside full reimbursement of SGST and electricity duties for the next five years.

Nara Lokesh, Andhra Pradesh’s IT minister, emphasized that the policy aims to create jobs and drive economic growth, and he expressed eagerness to see more investments, especially from Reliance Industries, in the state’s clean energy initiatives.

RIL’s Clean Energy Investment: Key to Achieving Andhra Pradesh’s 2 Million Jobs Target

Reliance Industries (RIL) is set to establish 500 compressed biogas plants in Andhra Pradesh as part of its clean energy transition, expected to generate 250,000 direct and indirect jobs. The project is a significant step toward meeting the state’s ambitious goal of creating 2 million jobs in the next five years. According to Nara Lokesh, Andhra Pradesh’s IT minister and chairman of the Jobs Creation Sub-Committee, the initiative will also promote the cultivation of energy crops on wastelands throughout the state.

The minister highlighted that the entire process, from initial outreach to the signing of the MoU, was completed in just 30 days. He described the creation of 2.5 lakh jobs as a “game-changer” for the state’s youth, emphasizing the significant impact this initiative will have on employment and economic growth in Andhra Pradesh.

The Andhra Pradesh government, under the leadership of Chief Minister N. Chandrababu Naidu, is offering a range of incentives to attract investments, including a 20% capital subsidy for compressed biogas plants and full reimbursement of state goods and services tax (SGST) and electricity duties for the next five years, as part of its integrated clean energy policy.

Remarkably, Nara Lokesh secured this deal in just 30 days, showcasing his dedication to making the state a top destination for clean energy investments. This follows his successful push for a Rs 1.4 lakh crore investment from ArcelorMittal, further solidifying Andhra Pradesh’s reputation as an investment-friendly state.

Transforming Andhra Pradesh’s Clean Energy Landscape and Job Market

Reliance Industries’ Rs 65,000 crore investment in biogas plants is a major boost for Andhra Pradesh, driving both clean energy growth and job creation. With 2.5 lakh jobs expected, the project supports the state’s push for economic development and renewable energy. This initiative sets the stage for further investments, positioning Andhra Pradesh as a key player in India’s green energy future.

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