Bengal Global Business Summit : Reliance announces to invest additional ₹50,000 cr in Bengal by 2030, JSW Group plans to invest ₹16,000 cr for power plant
KOLKATA : At the eighth edition of the 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.
“Reliance has already invested ₹50,000 crore in Bengal over the last decade. ₹50,000 crore more will be invested by the end of this decade. Our investment will span over multiple sectors, including digital services, green energy, and retail,” Ambani said. He also said,” Artificial Intelligence is indispensable for India’s transformation into a deep tech nation with advanced manufacturing capabilities. Jio is currently building the world’s best infrastructure in India…Today, Jio is not just the number one digital services provider, it is the number one data company in the world”.
Ambani said his group will be investing in digital infrastructure and services, data centre, retail network, and solar energy, among others, in Bengal. “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 invested over ₹50,000 crore,” he 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.
He informed the group has modified its Data Centre in Kolkata to a state-of-the-art AI-ready Data Centre, and that would be ready in the next nine months. On Reliance Retail, he said at present, it operates a network of over 1300 stores in West Bengal. “We plan to expand our network to 1700 stores in the next three years, operating 2.2 million square feet of warehouses in the State.”
The Chief Minister virtually inaugurated ITC Infotech Global AI Centre of Excellence at Kolkata’s Rajarhat.