FMCG firm Reliance Consumer Products Ltd (RCPL) will invest over Rs 1,500 crore to set up an integrated facility for food products and beverages at Katol in Maharashtra. RCPL, the FMCG arm of billionaire Mukesh Ambani-led Reliance Industries, has signed a Memorandum of Understanding (MoU) with the Maharashtra Government to set up the unit in Nagpur. The unit will provide direct employment to more than 500 people, according to a video posted on the social media account of Maharashtra Chief Minister Devendra Fadnavis. The proposed manufacturing unit will commence manufacturing in 2026.

 

As per the agreement, the State Government will facilitate RCPL to obtain necessary approvals, clearances and financial incentives. In its annual general meeting last month, Reliance had announced that it “will invest Rs 40,000 crore (USD 4.7 billion) to create Asia’s largest integrated food parks with AI-driven automation, robotics, and sustainable technologies, securing lasting cost leadership.” RCPL, which has emerged from Reliance Retail and become a direct subsidiary of RIL, is one of the fastest-growing companies in the FMCG space. It has crossed over Rs 11,000 crore in revenue in just three years of inception.

 

In the AGM, RIL Director Isha Ambani said RCPL is among “growth engines” and the group now has ambitions to have a revenue of Rs 1 lakh crore in the next five years with a global presence. Moreover, the FMCG business will also be the blueprint for expansion into apparel, electronics, and other large and highvalue consumer categories, Isha Ambani said. “Our long-term ambition is to become India's largest FMCG company with a global presence. This will make RCPL a big newvalue-creating engine forReliance Group, comparable toour Retail business in size andprofitability,” she said. RCPL, which is beingdemerged and is set to becomea direct subsidiary of RIL, has, injust three years of operations, had revenues of Rs 11,500 crore(USD 1.4 billion), becoming “thefastest-growing FMCG player” inIndia. The company, which hasacquired a host of brandsand also launched in-housebrands ranging from soap to cola, has emerged as one of thefastestgrowing FMCG companies inIndia. It acquired consumer brands Tagz Foods and the launch of new variants under Campa, Independence, Alan’s, Enzo, Ravalgaon, etc., to cater to evolving consumer preferences.

 

 

ADANI Enterprises Ltd will invest Rs 70,000 crore in an integrated coal surface gasification downstream deÿrivatives project at Kalmeshwar Linga in Nagpur district, creating 30,000 jobs, The MoUs were exchanged between Industry Department Secretary P Anbalagan on behalf of the State Government and representatives of the participating companies, including Amarprakash Agarwal (MGSA Realty), Abhishek Lodha (Lodha Developers Ltd), Ketan Modi (Reliance Consumer Products Ltd), Ajit Barodia (Adani Enterprises Ltd) and Pranay Kothari (Polyplex Corporation Ltd).