New Delhi: Industry giants Reliance Industries and the Adani Group have announced major investment commitments in recent months across key states like Assam, Maharashtra, Uttar Pradesh and Madhya Pradesh, strengthening their expansion plans in vital sectors.
At the Advantage Assam 2.0 investment summit, which took place between 25 – 26 February this year, Mukesh Ambani, Chairman of Reliance Industries, announced that the company would invest over Rs 50,000 crore in Assam over the next five years, focusing on five priority areas.
This marks a significant jump from Reliance’s earlier investment of Rs 12,000 crore in the state. Ambani emphasized the role of “Assam Intelligence” alongside artificial intelligence in shaping the region’s growth.
Similarly, Adani Group Chairman Gautam Adani pledged Rs 50,000 crore in Assam for airports, city gas distribution, transmission, cement and road infrastructure projects.
Meanwhile, at the World Economic Forum in Davos 2025, which took place between 20 to 24 January, Reliance Industries signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest Rs 3.05 trillion across new energy, retail, hospitality and high-tech manufacturing. The investment is expected to create three lakh jobs in the state.
Speaking about the agreement, Anant Ambani, director of Reliance Industries, reaffirmed the company’s commitment to building a “New India” under Prime Minister Narendra Modi’s leadership.
These investments reflect the increasing focus on industrial and infrastructure development in Assam and Maharashtra, aligning with the government’s push to attract private sector participation and drive economic growth.
However, in the case of Madhya Pradesh, the Adani Group and Reliance Industries, along with NTPC, have committed investments worth nearly Rs 4 lakh crore. The announcements were made at the eighth edition of the Madhya Pradesh Investment Summit, which was held between 24 and 25 February. At the event multiple agreements were signed to boost infrastructure, renewable energy, and industrial growth in the state.
The Adani Group pledged Rs 1.10 lakh crore for projects in pumped storage, cement, mining, smart meters, and thermal energy, according to reports. In addition, the company announced a Rs 1 lakh crore investment for developing a greenfield smart city, an airport, and a coal-gasification project in collaboration with the state government. The company claims these investments will create over 1.2 lakh jobs by 2030.
At the same event in Madhya Pradesh Reliance Industries has committed Rs 60,000 crore to establish biofuel projects in Madhya Pradesh, marking its foray into the state’s renewable energy sector.
Similarly, for Uttar Pradesh, Gautam Adani highlighted the state’s vast opportunities and praised the government’s development efforts. He affirmed the Adani Group’s commitment to supporting this progress and pledged continued investments in the state.
At the UP Global Investors Summit 2023, Reliance Industries announced plans to invest an additional Rs 75,000 crore in Uttar Pradesh over the next four years across its Jio, retail, and renewable energy businesses. This investment is expected to generate over one lakh new jobs in the state and will be in addition to the Rs 50,000 crore already invested.
However, it should be noted that the Maharashtra government has signed an MoU with the Adani Group to develop hyperscale data center infrastructure with an investment of Rs 50,000 crore. In a significant boost to India’s semiconductor ambitions, the Adani Group, led by Gautam Adani, has partnered with Israel’s Tower Semiconductor to establish a semiconductor manufacturing facility in the state with an investment of Rs 83,947 crore.
Separately, Reliance Industries has signed an MoU to invest Rs 3,05,000 crore in Maharashtra across sectors, including new energy, retail, hospitality, green power, and high-tech manufacturing.
These large-scale commitments from Reliance Industries and Adani Group underscore their growing role in India’s economic transformation. With massive investments spanning digital infrastructure, energy, retail, as well as semiconductors, the two conglomerates are set to drive industrial growth, create employment, and strengthen India’s position as a global investment hub.
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