Reliance will contribute to making Gujarat a global leader in Green Growth: Mukesh Ambani

Read below: Over the next 5 yrs, Adani Group will invest over Rs 2 lakh cr in Gujarat: Gautam Adani

NEW DELHI — Reliance will continue to play a leading role in Gujarat’s growth story with significant investments in the next 10 years, Chairman and Managing Director of Reliance Industries Limited (RIL) Mukesh Ambani said on Wednesday at the 10th Vibrant Gujarat Summit 2024 in Ahmedabad.

Ambani said specifically, Reliance will contribute to making Gujarat a global leader in Green Growth.

“We will help Gujarat’s target to meet half of its energy needs through renewable energy by the year 2030.For this, we have started building the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar.

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“This will generate a large number of green jobs and enable production of green products and materials and will make Gujarat a leading exporter of Green Products. And we are ready to commission this in the second half of 2024 itself,” he added.

Reliance Jio completed the fastest rollout of 5G infrastructure anywhere in the world.

“Today Gujarat is fully 5G enabled – something that most of the world does not yet have. This will make Gujarat a Global Leader in Digital Data Platforms and AI Adoption. 5G-enabled AI revolution will make Gujarat’s economy more productive, more efficient and more globally competitive,” Ambani said.

“Besides generating millions of new employment opportunities, it will produce AI enabled Doctors, AI enabled Teachers and AI enabled Farming, which will revolutionise Healthcare, Education and Agricultural productivity in the State of Gujarat.”

Ambani further said that Reliance’s Retail will further accelerate its mission to bring quality products to consumers and simultaneously empower lakhs of kisans and small merchants.

Reliance will make Gujarat a pioneer in New Materials and the Circular Economy, he said, adding that as a first step, Reliance is setting up India’s first and world-class Carbon Fibre facility at Hazira.

He also said that Prime Minister Narendra Modi has announced that India will bid for 2036 Olympics.

“In preparation for that, Reliance and Reliance Foundation will join forces with several other partners in Gujarat to improve education, sports and skills infrastructure that will nurture the champions of tomorrow in various Olympics sports.

“Today, let me declare yet again: Reliance was, is, and will always remain a Gujarati company. Each of Reliance’s business is striving to fulfil the dreams of my seven crore fellow Gujaratis,” he added.

“Reliance has invested over $150 billion (Rs 12 lakh crore) in creating world-class assets and capacities across India in the last 10 years. Of this, more than one third has been invested in Gujarat alone.”

Ambani further said the Vibrant Gujarat Summit is the most prestigious investor summit in the world today.

“No other summit of this kind has continued for 20 long years — and going from strength to strength. This is a tribute to our Prime Minister Shri Narendrabhai Modi’s vision and consistency.

When foreigners think of New India, they think of a New Gujarat. How did this transformation happen? Because of one leader. Our beloved leader who has emerged as the greatest global leader of our times. And he is Shri Narendrabhai Modi, the most successful Prime Minister in India’s history,” Ambani said.

Over the next 5 yrs, Adani Group will invest over Rs 2 lakh cr in Gujarat: Gautam Adani

Gautam Adani, Chairman, Adani Group said on Wednesday that over the next five years, the Adani Group will invest over Rs 2 lakh crore in Gujarat — that is USD 25 billion — thereby creating over 1,00,000 direct and indirect jobs.

“Today, I commit to further investments. We are constructing the world’s largest green energy park in Khavda, Kutch, generating 30 GW of renewable energy over 725 square kms, even visible from space. We are expanding the green supply chain for an ‘Atmanirbhar’ Bharat and creating the largest integrated renewable energy ecosystem. This includes solar panels, wind turbines, hydrogen electrolysers, green ammonia, PVC, and expansions in copper and cement production”, Adani said at the 10th Vibrant Gujarat Summit in Ahmedabad.

Adani said at the previous summit he had announced investments of over Rs 55,000 crore by 2025. “We have already surpassed Rs 50,000 crore across the various sectors I had promised and have vastly exceeded our target of 25,000 direct and indirect jobs.”

He said Vibrant Gujarat is a stunning manifestation of Prime Minister Narendra Modi’s extraordinary vision. “It has all your hallmark signatures, merging grand ambition, massive scale, meticulous governance, and flawless execution. It ignited a nationwide movement as all our states marched forward – competing – and – cooperating – to fundamentally remodel India’s industrial landscape,” he said.

“The statistics of the past decade are remarkable: Since 2014, India’s GDP has grown by 185 per cent, and per capita income by a stunning 165 per cent. This achievement is unparalleled, especially considering this decade’s geopolitical conflicts and pandemic challenges.

“Hon’ble Prime Minister, your achievements on the international stage are equally remarkable. You have taken us from a country seeking a voice on global platforms to a nation that now creates the global platforms. The Solar Alliance platform, an initiative you conceptualized, and your leadership at the G20 platform, set a benchmark for a more inclusive world order. Adding the Global South to the G20 is a defining moment in modern history,” Adani said.

“Hon’ble Prime Minister, you don’t just predict the future; you shape it. You have reoriented India to become the world’s fastest growing nation, and positioned her as the global social champion driven by the twin philosophies of Vasudeva Kutumbakam and Vishwa Guru.

“And the best is yet to come. With your foresight in harnessing India’s youth to build a Vikshit Bharat and make India a fully developed nation by 2047, you have ensured that the India of today is poised to shape the global future of tomorrow,” Adani added.