In a significant announcement at the Tamil Nadu Global Investor Meet (GIM) in Chennai, Mukesh Ambani, Chairman, and Managing Director of Reliance Industries Ltd (RIL), revealed the conglomerate’s plans to invest in renewable energy and green hydrogen projects in Tamil Nadu.
The move aligns with RIL’s commitment to green energy, with a dedicated investment of $10 billion over three years in the new energy sector. Furthermore, RIL aims to achieve net carbon neutrality by 2035, contributing to global sustainability efforts.
“We shall work closely with the state government to promote sustainable development, which is necessary to save Mother Earth from the climate crisis. I am confident that the state government will support our forthcoming initiatives with viable policies,” stated Mukesh Ambani in a video message.
RIL’s focus on providing affordable green hydrogen as an alternative to traditional fuels remains a cornerstone of its environmental initiatives.
Ambani also highlighted Reliance Jio’s substantial investment of Rs 35,000 crore in Tamil Nadu, extending its digital reach to 35 million subscribers across towns and villages in the state. The completion of the 5G rollout in December 2023 further solidifies Jio’s position as a technology leader.
In addition to telecom, Reliance has partnered with Canada’s Brookfield Asset Management and US-based Digital Realty to establish a state-of-the-art data center, set to open soon.
Mukesh Ambani expressed confidence in Tamil Nadu’s economic trajectory under the leadership of Thiru Stalin, stating, “I have every reason to believe it will soon become a trillion-dollar economy, which is the apt slogan of this summit. Reliance has proudly partnered in Tamil Nadu’s growth over the years.”
Reliance Industries’ contributions extend beyond digital infrastructure, with nearly 1,300 retail stores opened across the state, representing an investment exceeding Rs 25,000 crore.
Other major companies, including Tata Electronics, JSW Energy, and TVS Group, also unveiled substantial investments at TN GIM 2024, as Tamil Nadu positions itself as a key investment destination amid competition from other states.
