Reliance to invest USD 24 bn in Middle East

Reliance Industries (RIL) have big plans to invest up to an amount of USD 24 billion over the next ten years in setting up petrochemical plants in the Middle east. Reliance wants to tap the growing demand for chemicals in Asia, especially in China and Middle east. For this the company plans to set up petrochemical plants, each costing USD 6 billion which would help company meet the demand in India for chemicals in the coming years.

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