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In a significant move to bolster its fast-growing FMCG business, Reliance Consumer Products Ltd (RCPL), the consumer goods arm of Reliance Industries Ltd (RIL), announced plans to invest over ₹1,500 crore in setting up an integrated manufacturing facility for food and beverages in Katol, Nagpur.
The announcement follows the signing of a Memorandum of Understanding (MoU) between RCPL and the Maharashtra government, with Chief Minister Devendra Fadnavis confirming that the project will generate direct employment for more than 500 people. The facility is expected to commence operations in 2026.
As part of the agreement, the state government will assist Reliance in securing necessary approvals, clearances, and incentives to fast-track the development.
This investment marks a crucial step in RCPL’s expansion strategy. The company, spun off from Reliance Retail and now a direct subsidiary of RIL, has already recorded ₹11,500 crore in revenue within just three years of its launch—making it one of the fastest-growing FMCG companies in India.
At Reliance Industries' Annual General Meeting last month, RIL Director Isha Ambani outlined ambitious plans for RCPL. She revealed that the FMCG business will act as a "blueprint for expansion" into adjacent sectors such as apparel, electronics, and other high-value consumer categories.
“Our long-term ambition is to become India’s largest FMCG company with a global presence. This will make RCPL a big new value-creating engine for the Reliance Group, comparable to our Retail business in size and profitability,” said Isha Ambani.
She also reaffirmed the group’s goal to scale RCPL’s revenue to ₹1 lakh crore over the next five years, supported by global market expansion and product diversification.
Reliance had previously announced an overarching investment plan of ₹40,000 crore (USD 4.7 billion) to build Asia’s largest integrated food parks, equipped with AI-driven automation, robotics, and sustainable technologies aimed at long-term cost leadership.
RCPL’s growth has been fueled by a mix of acquisitions and in-house brand launches, including labels like Campa, Independence, Alan’s, Enzo, Ravalgaon, and most recently, Tagz Foods, to cater to India’s evolving consumer landscape.
With its Nagpur facility, Reliance aims to cement its presence deeper into the Indian heartland, as it prepares for the next phase of aggressive expansion across both domestic and international markets.
(Source: PTI)
