Reliance Consumer Products Ltd (RCPL) signed a ₹40,000-crore agreement with the Food Processing Industries Ministry to set up integrated food manufacturing facilities across the country, sources have revealed.
The Memorandum of Understanding (MoU) to this effect was signed between the two sides at the World Food India 2025 event on Thursday, the sources added.
Under the MoU, RCPL will invest more than ₹1,500 crore to set up integrated facilities for food products and beverages in Katol, Nagpur in Maharashtra and Kurnool in Andhra Pradesh.
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This move is in line with Reliance Industries’ plan to create “Asia’s largest integrated food parks with AI-driven automation, robotics, and sustainable technologies,” which was revealed during the conglomerate’s annual general meeting in August.
RCPL is an off-shoot of Reliance Retail and a direct subsidiary of Reliance Industries. It has become one of India's fastest-growing fast-moving consumer goods (FMCG) companies, generating revenue of over ₹11,000 crore in just three years since its inception.
At the August AGM, Reliance Industries’ director, Isha Ambani, said that RCPL was among the group's "growth engines" and aimed to achieve a revenue of ₹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.
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