A large investment in solar energy projects in India next three years is expected.

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June 25-2021- Mukesh Ambani during the 44th Annual General Meeting
of Reliance Industries announced Ambanis plan to build four giga factories
to manufacture and integrate all critical components needed for the new
energy ecosystem -- solar photovoltaic module factory, energy storage
battery factory, electrolyser factory, fuel cell factory. We are launching our
new energy business with the aim of bridging the green energy divide in
India and globally. It is a Rs 75,000 crore investment in green energy
initiatives over the next three years.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani made a slew of
announcements related to solar and new energy business, along with the
launch of Jio Phone Next at 44th Annual General Meeting (AGM) 2021.
Ambani also announced the induction of Yasir Al-Rumayyan, Saudi
Aramco chairman into RIL board. Mukesh Ambani announced that Google
and Jio teams have jointly developed a truly breakthrough smartphone-
Jio Phone Next, a fully-featured smartphone supporting the entire suite of

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applications from both Google and Jio. Jio Phone Next will be available in
market from Ganesh Chaturthi, 10th September.
"Our vision was to bring affordable access to information for Indians in
their own language, to build new products and services for India's unique
needs, and empower businesses with technology," said Sundar Pichai.
He said that the new 5G partnership between Google Cloud and Jio will
help more than a billion Indians connect to faster internet. Mukesh Ambani
said RIL is working with global partners to develop a range of 5G devices.
Jio is not just working to make India 2G-mukt, but also 5G-yukt. Nita
Ambani announced that Jio Institute will commence academic sessions at
their campus in Navi Mumbai this year itself. Reliance Foundation
launched five Missions to fight COVID — Mission Oxygen, Mission COVID
Infra, Mission Anna Seva, Mission Employee Care, and Mission Vaccine
Suraksha.
Tata Power has 1,705 MW of solar power generation capacity. Tata
Power Solar Systems Ltd, the wholly-owned subsidiary of Tata Power,
recently announced the expansion of its manufacturing facility in
Bengaluru, taking the total production capacity of cells and modules to
1,100 MW.
Adani Green has 3,023 MW solar units in operation and 8,150 MW under
construction.
Ambani wants to build four 'Giga' factories in Jamnagar to make solar
photovoltaic cells, green hydrogen, batteries and fuel cells for Rs 60,000
crore. These manufacturing units will power his dreams to build 100GW
of solar energy generation capacity.
"We will invest an additional Rs 15,000 crore in the value chain,
partnerships and future technologies, including upstream and

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downstream industries," he said at the annual general meeting (AGM).
With this, the total investment in the new energy business will be Rs
75,000 crore in three years, he added.