Reliance Industries to Develop Global Economic Hub in Navi Mumbai

Reliance Industries to Develop Global Economic Hub in Navi Mumbai

Daily Current Affairs   /   Reliance Industries to Develop Global Economic Hub in Navi Mumbai

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Category : Business and economics Published on: June 10 2024

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  • Reliance Industries Limited (RIL) is set to develop a global economic hub in Navi Mumbai, having secured sub-leases on approximately 3,750 acres of land.
  • This initiative follows a memorandum of understanding signed with the Maharashtra government in 2018, solidifying RIL's commitment to this large-scale project.
  • The land lease spans 43 years, providing RIL with a substantial timeframe to establish and expand the economic hub in Navi Mumbai.
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