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Reliance signs Rs 40,000 crore MoU with Centre for food manufacturing facilities
MoU: Reliance Consumer Products Limited (RCPL) on Thursday signed a Rs 40,000 crore MoU with the Ministry of Food Processing Industries to set up integrated food manufacturing facilities across the country. Let's learn more about it.
On Thursday, Reliance Consumer Products Limited (RCPL) entered into a Rs 40,000 crore MoU with the Ministry of Food Processing Industries for establishing integrated food manufacturing units in the country.
According to sources, the MoU was signed during the World Food India 2025 event in New Delhi. Reliance Industries announced the investment plan at its annual general meeting in August, stating that it would "build Asia's largest integrated food park with AI-powered automation, robotics, and sustainable technology."
RCPL has emerged from Reliance Retail and become a direct subsidiary of Reliance Industries. It has become one of India's most rapidly growing fast-moving consumer goods businesses. It has achieved revenues of more than ₹11,000 crore in a span of just three years since establishment.
