Reliance Industries Limited has signed an MoU (memorandum of understanding) with the Maharashtra government, valued at approximately Rs 3.05 lakh crore and is projected to create more than 300,000 jobs at World Economic Forum in Davos.

The MoU spans across different sectors, with Chief Minister Devendra Fadnavis calling it a landmark investment, poised to boost Maharashtra’s growth.

CM Fadnavis said that the investment would span various sectors such as petrochemicals, polyester, renewable energy, bio-energy, green hydrogen, green chemicals, industrial area development, retail, data centres, telecommunications, hospitality, and real estate.

"A groundbreaking moment for Maharashtra as the GoM and RIL signed a historic MoU worth Rs 3,05,000 crore, with over 3,00,000 employment opportunities across diverse sectors, including new energy, retail, hospitality, and high-tech manufacturing, under the leadership of Anant Ambani," said a tweet shared by the office of the Chief Minister of Maharashtra.