Reliance Industries (RIL) plans to set up a 10 GW solar plant in Andhra Pradesh, as the company intends to opt for renewable sources which can be converted into carbon-free green hydrogen.

The investment plans were announced at the Andhra Pradesh Global Investors Summit held in Visakhapatnam on 3 -4 March, 2023.

Reliance Industries will be investing Rs 40,000 crore towards deployment of ultra-high speed 5G telephony network in the state.

Meanwhile, Adani Group will also set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh. The Group intends to double the capacity of its two ports operational at Krishnapatnam and Gangavaram in the state.