Bengal Global Biz Summit: Reliance plans to invest additional ₹50,000 cr in Bengal by 2030
With the West Bengal government rolling out the red carpet for industry captains at the eighth edition of Bengal Global Business Summit, Reliance Industries Chairman & Managing Director, Mukesh Ambani on Wednesday announced that his diversified group is planning to invest an additional ₹50,000 crore in the State by 2030.
Speaking at the inaugural session of the first day of the two-day flagship industry event, Sajjan Jindal, Chairman of JSW Group, said his group has plans to invest ₹16,000 crore for setting up a 2X800 MW power plant in the State.
“In 2016, when I first attended this summit, Reliance’s investments stood below ₹2,000 crore. Today, in less than a decade, our investments in Bengal have increased 20 times, and we are investing over ₹50,000 crore,” Ambani said, adding that his group will double this investment by the end of this decade.
“More importantly, our investments have created over one lakh direct jobs and spurred significant economic growth in West Bengal,” he said.
“Back in 2016, Jio opened its commercial operations from Kolkata, this very city, the City of Joy…Today, Jio is not just the No.1 digital services provider or the data company in India; it is the No. 1 data company in the world, and this started from Kolkata…Jio’s network now covers 100 per cent of Bengal’s population. I am particularly thankful to the people and our customers in Kolkata city, because they continue to maintain the record of the highest users of data in India on our Jio network,” said the Reliance Industries Chairman.
“ITC is one of India’s largest private sector enterprises headquartered in West Bengal. Our confidence in the State is reflected in our expanding footprint here. Encouraged by the economic resurgence that we are witnessing here, we have significantly scaled up our projects in the state across all sectors of the economy,” ITC Chairman Sanjiv Puri said.
Kolkata-based Ambuja Neotia Group is planning to invest over ₹15,000 crore in West Bengal over the next five years. The group is introducing Bengal’s first international-standard golf township, featuring an 18-hole golf course, with an investment of ₹5,000 crore.
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