Shell Energy India said that it would invest Rs 3,500 crore in Gujarat to build an LNG regasification terminal, electric vehicle charging stations, and a facility for renewable energy. These projects would support almost 4,300 employment.

A memorandum of understanding (MoU) in this regard was signed between the Gujarat government and Shell Energy India in Gandhinagar on Wednesday in the presence of Chief Minister Bhupendra Patel, a government release said.

The agreement has been signed as part of the upcoming 10th edition of the Vibrant Gujarat Global Summit to be held in January next year, said the release.

Under this MoU, Shell Energy India will invest Rs 2,200 crore to set up a renewable energy production facility on 1,200 acres in Banaskantha district of north Gujarat.