- Reliance Industries signed an MoU with Andhra Pradesh to invest ₹65,000 crore in setting up 500 Compressed Biogas (CBG) plants over the next 4-5 years.
- The investment is expected to create 2.5 lakh jobs and generate ₹57,650 crore in SGST, taxes, and electricity duty for the state over 25 years.
- The state government is facilitating the project with appointed “Escort Officers” for smooth execution.
- The agreement marks a significant step toward the state’s job creation goals, contributing to 20 lakh jobs, with 500 CBG plants from Reliance.
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