Reliance to invest Rs 40,000 crore in food parks, eyes Asia’s largest FMCG hub

Reliance Industries plans to invest Rs 40,000 crore or $4.7 billion over the next three years to build Asia’s largest integrated food parks, equipped with artificial intelligence-driven automation, robotics, and sustainable technologies. The investment is part of the group’s strategy to strengthen its consumer products business.

Isha Ambani, Director, Reliance Retail, told shareholders at the company’s 48th annual general meeting on August 29 that the food parks will form a key pillar of Reliance Consumer Products Ltd (RCPL), which is set to become a direct subsidiary of Reliance Industries.

“Over the next three years, we will invest Rs 40,000 crore ($4.7 billion) to create Asia’s largest integrated food parks with AI-driven automation, robotics, and sustainable technologies, securing lasting cost leadership,” Ambani said.

The company has already invested Rs 3,000 crore ($351 million) in 12 state-of-the-art facilities equipped with Industry 4.0 technologies. These factories, Ambani noted, are achieving some of the highest efficiency rates in the Indian FMCG sector.

Reliance has also set up a 1,50,000 sq ft research and development hub with over 100 scientists and 15 patents filed. “Its mandate is clear – better-than-market quality, first-to-India products, and first-to-world innovations,” Ambani added.

RCPL, which clocked revenues of Rs 11,500 crore in FY25, has grown to become one of the fastest FMCG players in the country within just three years of operations. The planned investments in manufacturing and R&D are expected to accelerate the company’s expansion across food, beverages, personal care, and daily essentials.

Reliance’s consumer portfolio currently includes brands such as Campa, which has gained double-digit market share across many states, and Independence, its daily essentials brand, which crossed Rs 1,000 crore in revenue last year.

“Our near-term ambition is clear – to be the fastest consumer brands company to reach Rs 1 lakh crore ($11.7 billion) in revenue within five years,” Ambani said.