Investments are one of the key aspects of the growth of the state. Be it a developed state or under developing state, investments play a key role. It carries even more significance to a state like Andhra Pradesh which was divided without any proper capital city.
To attract investments for the state, the Andhra Pradesh government started a two-day summit of ‘Global Investors Summit 2023’. The shore city Vizag is hosting the summit which started today. Andhra Pradesh struck gold at the summit as big investments were announced. Many big business tycoons graced the event and announced investments.
Chairman and managing director of Reliance Industries Ltd Mukesh Ambani attended the Andhra Pradesh Global Investors Summit and announced that a big announcement would be made in Solar energy and said that it would create around 50,000 jobs in the state.
Mukesh Ambani was greeted with a warm hug by Andhra Pradesh Chief Minister. Before he gave his speech, he was greeted by Jagan and they hugged each other. After the greeting, Mukesh Ambani gave a moving speech and highlighted the growth in the state.
Talking about the growth in the state, Mukesh Ambani said that Andhra Pradesh is going strong and highlighted the long association between Reliance industries and the state. He showered praises on Chief Minister YS Jagan’s administration.
Mukesh Ambani said that Reliance Industries will invest in developing 10 gigawatts of solar energy capacity in the state. With this, the company is hopeful of creating employment for around 50,000 people in the region.
“I am happy to announce that we will continue our investments (in AP) and we will invest in 10GW of renewable solar energy in the state of AP. Reliance had invested ₹1,50,000 crore in KG-D6 basin development,” Mukesh Ambani said.
Mukesh Ambani and Andhra Pradesh share a good bonding. Be it the combined state or the divided state, Reliance company is making big investments. It is known that Reliance Industries Limited group president of corporate affairs Parimal D Nathwani was nominated to Rajya Sabha from Andhra Pradesh. This says that things are going well between Mukesh Ambani and Andhra Pradesh. Now Reliance company announced an investment in solar energy.