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At the Global Investors Summit 2023 in Visakhapatnam, the Chairman and Managing Director of Reliance Group, Mukesh Ambani, declared that Andhra Pradesh, with its flourishing economy and remarkable ease of conducting business, is at the forefront of this impressive growth.

The summit was attended by eminent business figures such as GMR Group's GM Rao, Cyient BV Mohan Reddy, and Ambani himself. During his speech, Ambani expressed his admiration for the energy, enthusiasm, and ambition demonstrated by the youth of Andhra Pradesh. 

Ambani proudly stated that Reliance was among the first corporations to realize the economic potential of Andhra Pradesh. The company's oil and gas exploration team discovered gas in the state back in 2002, and Reliance Industries Limited (RIL) has since invested more than Rs 1,50,000 crore in developing and supporting gas pipelines in the KG-D6 assets.

The presence of industry stalwarts at the event further demonstrated the significance of Andhra Pradesh's growing economy, and their investments only serve to bolster the confidence in its potential as a leading player in the global economic arena. Mukesh Ambani announced that RIL will invest to create 10 Gigawatts of renewable solar energy power in the state and appreciated the state's efforts in organizing this successful summit.


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