Reliance Industries Limited, a Fortune 500 company and the largest private sector corporation in India, is committed to innovation-led exponential growth in the activities span from petrochemicals to hydrocarbon exploration and production, petroleum refining, and marketing, retail and telecommunications. RIL aspires to be one of the most innovative companies in the world and shaped an organizational culture that fosters innovation at every single step. Innovation is not only important for organizational sustainability but also vital for long-term value creation.
To accelerate research efforts at RIL, Reliance Research and Development Centre (RRDC) is established four years ago at the Reliance Corporate Park (RCP) in Navi Mumbai in addition to existing R&D facilities at Vadodara, Jamnagar, Hazira, and Patalganga. R&D Centre’s are recognized by Department of Scientific and Industrial Research, Govt. of India. The RRDC is the central hub of research and new technologies. It is a world-class facility providing state-of-the-art equipment for hundreds of RIL’s scientists and engineers and broken new ground to develop game-changing products and technologies to add value to existing businesses and create new business opportunities. The development of advanced technologies, products, and application through innovative approaches is supporting the business to scale new heights. RRDC, Navi Mumbai laboratories are among the best equipped in India with an impressive array of advanced equipment (X-ray diffraction, mass spectrometers, chromatography, nuclear magnetic resonance, electron microscopes, infrared spectrometers, X-ray photoelectron spectrometers, rheometers, etc.). RRDC focuses on catalysis, chemistry, process engineering, modeling, simulation, advanced material science, synthetic biology, biotechnology, downstream polymer processing, reaction engineering, advanced analytical sciences, and product applications. R&D constant endeavor is to make products that have a positive impact on the environment and cater to consumer needs.
Innovation is a way of life at Reliance
It is innovation that transformed RIL from a small textile trading firm into India’s largest private sector enterprise and a Fortune 500 company. From sparking off the equity cult in India to set up the world’s largest grassroots refinery to now ushering in a digital revolution in India, Reliance has always demonstrated that innovation is in its DNA. innovations touch many facets of life in India – be it transportation, retail, or healthcare. Our bold ambitions for Reliance and for India push us to create an innovation agenda that is even bolder, ensuring that the next wave of growth will remain innovation-led. The Reliance Innovation Council (RIC) sets an agenda to actively nurture innovation within Reliance in order to safeguard its standing as a unique corporate entity and one of the most innovative companies in the world. In other words, the council – which consists of global thought leaders, Nobel Laureates, and iconic personalities – provides vision to the innovation movement at Reliance.