Mukesh Ambani, Karan Adani at AP Global Investors Summit 2023: Key announcements

At AP Global Investors Summit 2023, billionaire businessman Mukesh Ambani announced that Reliance will invest in 10 gigawatts of renewable solar energy in Andhra Pradesh

RIL will invest in solar
energy in Andhra:
Mukesh Ambani 

Mukesh Ambani also announced that Reliance's retail arm Reliance Retail will source more agri and agro-based products and manufactured goods from Andhra Pradesh for sale all over India

Reliance to source more
agri-products from AP

Speaking on retail business, Mukesh Ambani said Reliance Retail has partnered with more than 1.2 lakh kirana merchants across 6,000 villages of Andhra Pradesh. It has created over 20,000 direct jobs, he said

GIS 2023: Reliance Retail's
expansion in Andhra 

Adani Group will set up two new cement manufacturing plants in Andhra, Karan Adani, elder son of Gautam Adani, said. The group recently bought Ambuja and ACC from Swiss major Holcim. The plants will come up in Kadapa and Nadikudi

Adani Group to set up new
cement plants in Andhra 

Karan Adani, the CEO of Adani Ports, said Adani Group is working on developing a 400 MW of data centre in Visakhapatnam. He also said that the conglomerate wants to double the capacity of its two ports in the state

Adani Group to build data
centre in Andhra 

Speaking at GIS 2023, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy said the state has received 340 investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people

Andhra gets Rs 13 lakh cr
investment proposals:
CM Jagan

Mukesh Ambani's Reliance, Gautam Adani's Adani Group, Aditya Birla Group, Renew power, and NTPC are among the major firms that have given investment proposals to the state government, Jagan Mohan Reddy said

Reliance, Adani among
big investors in Andhra 

Jindal Steel's Naveen Jindal announced that his company is working on setting up a 3 million tonne steel plant near Krishnapatnam by investing over Rs 10,000 crore. This will create 10,000 direct jobs, he said

Jindal Steel to set up new
plant in Krishnapatnam

NTPC signed three MoUs with an investment of Rs 2.35 lakh crore which will generate employment for 77,000 people

NTPC signs three MoUs

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