This project will generate 500 employment opportunities and enhance Maharashtra’s food processing and consumer goods industry
Reliance Consumer Products or RCPL, a fast-moving consumer goods (FCMG) firm, will invest Rs 1,513 crore to establish an integrated facility at Katol in Maharashtra. The facility will be for food products and beverages.
The FMCG arm of Reliance Industries recently signed a memorandum of understanding with the Maharashtra government to establish the unit in Nagpur, as per the Chief Minister Office (CMO) Maharashtra’s post on X.
This project will generate 500 employment opportunities and enhance Maharashtra’s food processing and consumer goods industry. CM Devendra Fadnavis presided over the signing and exchange, witnessed by the delegates of Reliance Consumer Products, the post added.
In an attempt to consolidate all of its consumer brands into a single, sharply focused company, Reliance Industries will bring its consumer products business under its direct ownership. It is aiming to become the fastest consumer brands company to reach Rs one lakh crore in revenue within five years.
“RCPL is set to become a direct subsidiary of RIL. This structure will enable sharper execution, faster innovation cycles, and deeper operational focus, all critical to winning in consumer markets. Our near-term ambition is clear, to be the fastest consumer brands company to reach Rs 1 lakh crore (USD 11.7 billion) in revenue within five years. Our long-term ambition is to become India’s largest FMCG company with a global presence,” the company stated at the annual general meeting (AGM).
Shedding light on the factors that influenced the decision, the company emphasised that for the first time in India’s history, rural markets, consisting of 900 million consumers, are driving 65 per cent of the FMCG growth.
