(Image source from: Twitter.com/ncbn)
Reliance Industries To Invest Rs 55000 CR In AP:- CII Partnership Summit (CII) which is taking place in Vishakhapatnam seems to have getting good investments for the newly formed Andhra Pradesh. With Chandra Babu Naidu striking good deals on day one, investments continue to pour over the CII Summit. Here comes the big news as Reliance Industries Ltd (RIL) revealed that they would be investing Rs 55,000 crores in AP. With this the total investment commitments reached Rs 1.75 lakh crores by the end of second day.
(Image Source: Twitter.com/ncbn)
The investments would be in the fields of energy, digital infrastructure, electronics and other sectors. RIL also informed that the investments would be made in a span of five years. RIL investments are expected to generate 25,000 jobs in various sectors. AP Government has been keen on getting Rs 3 lakh crore investments with the CII Summit. 285 MoUs have been signed in the two days.
(Video Source: ETV Andhra Pradesh)