Reliance Industries plans to invest Rs 1 lakh crore in Andhra Pradesh to set up compressed biogas plants, Executive Director Anant Ambani said on October 2.

The projects are expected to create over 3 lakh jobs and generate nearly Rs 60,000 crore in revenue for the state over the coming decades.

Ambani announced the plan at the foundation ceremony for the Rayalaseema Horticulture Hub and the Indian School of Agriculture in Madanapalle.

The CBG plants will convert agricultural residue, animal dung, food waste and biomass into methane-rich gas. It gives farmers a new income source from crop waste.

Reliance will also work with the agriculture school on digital farmer education, Jio Krishi technology, AI-driven farming tools and high-tech animal husbandry.

Chief Minister N Chandrababu Naidu thanked Ambani for the commitment. The Rayalaseema horticulture project alone has an estimated investment of Rs 40,000 crore.

Ambani said Reliance would also deploy JioKrishi digital tools, AI-driven farming support and hi-tech animal husbandry in the state.