Reliance committed to making new investments in renewable energy, green hydrogen space in Tamil Nadu: Mukesh Ambani
Chennai (Tamil Nadu) [India], January 7 – Reliance Industries Chairman and Managing Director, Mukesh Ambani, has announced that the conglomerate is dedicated to making new investments in Tamil Nadu in the areas of renewable energy and green hydrogen. Ambani expressed his confidence that the state government, under the leadership of MK Stalin, will extend its support to these forthcoming initiatives.
Ambani made these remarks while virtually addressing the Tamil Nadu Global Investors Meet 2024. He emphasized the importance of sustainable development in combating the climate crisis and emphasized that Reliance Industries will collaborate closely with the state government to advance this cause. Ambani stated, I am confident that the state government will support our forthcoming initiatives with viable policies.
The Reliance Industries chairman praised Chief Minister MK Stalin, acknowledging that Tamil Nadu has become one of the most business-friendly states in the country. Ambani believes that the state will soon achieve its goal of becoming a trillion-dollar economy, as outlined in the summit slogan.
Highlighting Reliance’s existing investments in Tamil Nadu, Ambani mentioned that the group has already established nearly 1,300 retail stores in the state, amounting to an investment of over Rs 25,000 crore. In addition, Jio, a subsidiary of Reliance, has invested over Rs 35,000 crore, expanding digital connectivity to 35 million subscribers across every town and village in Tamil Nadu.
Ambani also revealed that Jio accomplished the fastest rollout of 5G technology worldwide in December, cementing Tamil Nadu’s position as a beneficiary of this technological advancement. The introduction of 5G will unlock new opportunities for artificial intelligence and other revolutionary technologies, further propelling the state’s economy.
In a significant development, Reliance has partnered with Canada’s Brookfield Asset Management and US-based Digital Reality to establish a state-of-the-art data center, set to open its doors next week. This initiative will contribute to the advancement of technology infrastructure in the region.
With these investments, Reliance Industries aims to reinforce its commitment to sustainable development and renewable energy in Tamil Nadu, contributing to the state’s economic growth and environmental preservation.
The conglomerate’s dedication to the expansion of renewable energy and the adoption of green hydrogen aligns with India’s broader goals of transitioning to cleaner and more sustainable sources of energy. As reliance on fossil fuels comes under scrutiny due to environmental concerns, the investments made by Reliance Industries in Tamil Nadu will play a crucial role in the state’s progress towards achieving a greener future.
By prioritizing sustainable initiatives and collaborating with the state government, Reliance Industries sets an example for other businesses to follow suit, emphasizing the importance of integrating environmental considerations into their operations. With these investments and partnerships, the conglomerate positions itself as a key player in driving economic growth while reducing carbon emissions and mitigating the impact of climate change.
