Now Reading: Reliance and ITC expand manufacturing amid Atmanirbhar push
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Reliance and ITC expand manufacturing amid Atmanirbhar push
Reliance Industries Chairman Mukesh Ambani has said the company is investing heavily in manufacturing to achieve energy and AI self-sufficiency as part of the Atmanirbhar Bharat mission. Speaking to shareholders, he said…
Reliance Industries Chairman Mukesh Ambani has said the company is investing heavily in manufacturing to achieve energy and AI self-sufficiency as part of the Atmanirbhar Bharat mission. Speaking to shareholders, he said new energy is the company's most ambitious undertaking, with a solar PV cell and module manufacturing line already commissioned and a battery giga factory expected in FY27.
ITC Chairman Sanjiv Puri outlined the company's Bharat Built Manufacturing architecture, which involves over 300 factories and a medium-term capex plan of Rs 20,000 crore. He said nearly 90% of ITC's value addition happens within India. ITC recently completed a Rs 3,498 crore buyout of Century Pulp and Paper, increasing its paperboard capacity by over 50% to 1.5 million metric tonnes.
Both companies are also partnering with global firms: Reliance with Rolls-Royce to develop an engine for India's fighter jet programme, while ITC is building compostable moulded fibre products to replace single-use plastics for domestic and export markets.
Indian Opinion Analysis
India's manufacturing push has gained urgency after supply chain disruptions during the pandemic exposed import dependence. The government's Production Linked Incentive (PLI) scheme, launched in 2020 across 14 sectors with an outlay of nearly Rs 2 lakh crore, has attracted both domestic and foreign players. For Reliance, the shift into solar and battery manufacturing represents a departure from its core oil-to-chemicals business, while ITC's expansion in paperboard and agri-processing targets both import substitution and export growth. The next milestone to watch is Reliance's battery giga factory commissioning in FY27 and ITC's six new factories coming on stream.
Source: businesstoday.in
This brief was synthesised by AI from the source linked above.
