Virendra Pandit
New Delhi: Reliance Consumer Products Ltd (RCPL) develop integrated AI-driven food parks across India at an investment of Rs. 40,000 crore, the media reported on Thursday.
For this purpose, RCPL signed an MoU with the Centre at the World Food India 2025 event. Maharashtra and Andhra Pradesh will host initial sites for food parks.
RCPL on Thursday signed a Rs. 40,000-crore agreement with the Union Ministry for Food Processing Industries to establish integrated food manufacturing facilities.
Reliance Industries had announced the investment plan at its annual general meeting in August, saying it would create “Asia’s largest integrated food parks with AI-driven automation, robotics, and sustainable technologies.”
RCPL, which emerged from Reliance Retail and became a direct subsidiary of Reliance Industries, has become one of India’s fastest-growing fast-moving consumer goods (FMCG) companies, generating revenue of over Rs. 11,000 crore in just three years since inception.
Under the MoU, RCPL will invest more than Rs. 1,500 crore to set up integrated facilities for food products and beverages in Katol, Nagpur, in Maharashtra and Kurnool in Andhra Pradesh.
At the August AGM, Reliance Industries Director Isha Ambani said that RCPL was among the group’s “growth engines” and aimed to achieve revenue of Rs. 1 lakh crore within five years with a global presence.
“Our long-term ambition is to become India’s largest FMCG company with a global presence,” Ambani had said, adding that the FMCG business would serve as a “blueprint for expansion” into apparel, electronics, and other consumer categories.
RCPL has acquired several consumer brands including Tagz Foods and launched house brands ranging from soap to cola under names including Campa, Independence, Alan’s, Enzo and Ravalgaon.