Reliance to invest ₹75,000 cr in North-Eastern States: Mukesh Ambani
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Reliance to invest ₹75,000 cr in North-Eastern States: Mukesh Ambani
Reliance Industries Ltd will invest in North Eastern States in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects. Chairman Mukesh Ambani said he is making six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. He said Reliance Foundation, the philanthropic arm of the group, will bring the best of cancer care to the North-East. The group’s telecom unit Jio has already covered 90% of the population with over 5 million 5G subscribers and will double this number this year, he said. He also said the group will work with all eight states to set up Olympic Training Centres, which will prepare our youth to be tomorrow’s medal-winners in Olympics.
Speaking at the Rising NorthEast Investors Summit, Reliance Industries Ltd Chairman and Managing Director said his group will invest in factories for high-quality FMCG products in the region and setting up a 150-bed cancer hospital in Manipur.
“Reliance has invested around ₹30,000 crore in the region in the past 40 years. In the next five years, we will more than double our investments, with our target at ₹75,000 crore,” he said.
This will create over 2.5 million direct and indirect employment opportunities as the conglomerate aspires to touch the lives of most of the 45 million population in the North-East.
Mr. Ambani said he is making six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
The group’s telecom unit Jio has already covered 90% of the population with over 5 million 5G subscribers. “We will double this number this year,” he said. “Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises and homes.” When talent meets technology and competence meets connectivity, our North-East will surge ahead, he said.
Mr. Ambani said Reliance Retail will vastly increase its procurement of staples, fruits, and vegetables to boost the income of farmers.
“We will also invest in factories for high-quality FMCG products in the region and promote the region’s fabulous artisan economy,” he said.
In clean energy, Reliance will look to “greatly” enhance generation of solar power in the region, he said without giving details.
In line with the vision of converting waste to wealth, Reliance will convert the region’s vast ‘wasteland into wealth-land’, by setting up 350 integrated compressed biogas plants which will turn organic waste into gas which could be used as CNG for transportation as well as fuel in industries and cooking in kitchens, he said.
Mr. Ambani said Reliance Foundation, the philanthropic arm of the group, will bring the best of cancer care to the North-East.
“To begin with, we have established a 150-bed comprehensive cancer hospital in Manipur. We are collaborating with Mizoram University on the care of breast cancer using genomic data. In Guwahati, we have built an Advanced Molecular Diagnostics and Research Lab. It will be among the largest Genome Sequencing Capacities in India,” he said. “We will help transform the North-East into a healthcare hub and a research powerhouse”.
Stating that the North-East is a treasure-house of world-class talent in multiple sports, he said Reliance Foundation will work with all eight states to set up Olympic Training Centres, which will prepare our youth to be tomorrow’s medal-winners in Olympics.
“For Reliance, it is a matter of privilege to fulfil the dreams of a region that has the fastest rate of economic growth with the youngest population in India,” he said.
To Prime Minister Narendra Modi, he said, “You have achieved something unbelievable and unimaginable. You have brought the North-East from the periphery to the centre of India’s developmental map, from the margins to the mainstream of the India Story!”
“Under your guidance, we in industry will work with all the Chief Ministers to make the North-East an inspiring model to demonstrate to the rest of the world… how we can make progress, how development can take care of Dharti Maa, how Laxmi Mata can reach every home, and how Bharat Mata indeed embraces all her children with her boundless love.”
Reliance to double its investment in Northeast in 5 years to Rs 75,000 crore: Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani unveiled major investment plans for India’s Northeast region. Ambani announced that RIL will invest Rs. 75,000 crore during the next five years in the region. The RIL CMD made six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. He also announced plans to create Olympic training centers across the Northeast to nurture regional sports talent, aiming to further elevate the area’s growth and infrastructure. He outlined a comprehensive vision including expanding Jio’s network coverage, increasing Reliance Retail’s local procurement and setting up new manufacturing units.
Ambani began by praising the success of Operation Sindoor, commending Prime Minister Narendra Modi’s leadership and the bravery of India’s armed forces. “Let me begin by saluting our beloved Prime Minister, Shri Narendra Modi ji, for the resounding success of Operation Sindoor. This success is a shining testament to his steely resolve — and to the unmatched bravery of our armed forces,” he said.
Ambani also stated that, “In the near future, I can clearly see this region replicating the miracle achieved by neighboring countries like Singapore, Malaysia, and Vietnam.”
The RIL CMD made six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. In his first commitment he said, “Reliance has invested around Rs 30,000 crore in the region in the past 40 years. In the next five years, we will more than double our investments, with our target at Rs 75,000 crore. In addition to creating over 2.5 million direct and indirect employment opportunities, we aspire to touch the lives of most of our 45 million sisters and brothers in North-East.”
He outlined a comprehensive vision including expanding Jio’s network coverage, increasing Reliance Retail’s local procurement, setting up new manufacturing units, and significantly boosting solar power production.
“Jio has already covered 90% of the population with over 5 million 5G subscribers. We will double this number this year. Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises and homes. When talent meets technology and competence meets connectivity, our North-East will surge ahead.” he said.
Ambani further said, “We will greatly enhance generation of solar power in the region. Our Prime Minister often speaks of converting waste to wealth. In line with this, we will convert the region’s vast Wasteland into Wealth-Land, by setting up 350 integrated Compressed Biogas plants.”
Ambani also emphasized Reliance’s role in healthcare development, noting the recent establishment of a 150-bed cancer hospital in Manipur.
“Reliance Foundation will bring the best of cancer care to the North-East. To begin with, we have established a 150-bed comprehensive cancer hospital in Manipur. We are collaborating with Mizoram University on care of breast cancer using genomic data. In Guwahati, we have built an Advanced Molecular Diagnostics and Research Lab. It will be among the largest Genome Sequencing Capacities in India. We will help transform the North-East into a healthcare hub and a research powerhouse.” said Ambani.
Additionally, he announced plans to create Olympic training centers across the Northeast to nurture regional sports talent, aiming to further elevate the area’s growth and infrastructure. DeshGujarat
Reliance Sets ₹75,000 Crore Investment Target for Northeast CorporateNews :: pressnote.in
Reliance Industries Chairman Mukesh Ambani has announced a target to increase the company’s total investment in India’s northeastern states. Ambani was speaking at the ‘Rising Northeast Investors Summit’ held at Bharat Mandapam in Delhi. Currently, 5 million people are connected to Jio 5G in the Northeast, and this number is expected to double within this year. The proposed investment will generate more than 2.5 million direct and indirect employment opportunities.
2.5 million new jobs to be created
10 million people in the Northeast to be connected to Jio 5G this year
350 biogas plants to be set up by Reliance
New Delhi : Reliance Industries Chairman Mukesh Ambani has announced a target to increase the company’s total investment in India’s northeastern states to ₹75,000 crore. Currently, Reliance has invested approximately ₹30,000 crore in the region. This means an additional ₹45,000 crore will be invested over the next five years. Ambani was speaking at the ‘Rising Northeast Investors Summit’ held at Bharat Mandapam in Delhi.
He began his address by congratulating Prime Minister Modi and the nation on the success of Operation Sindoor, made possible by the unparalleled bravery of India’s armed forces.
Ambani stated that the proposed investment will generate more than 2.5 million direct and indirect employment opportunities. He also committed to setting up 350 biogas plants across the northeastern states. Speaking about Jio, he mentioned that Jio’s 5G network now covers nearly 90% of the region’s population. Currently, 5 million people are connected to Jio 5G in the Northeast, and this number is expected to double within this year.
To boost farmers’ income, Reliance Retail will promote direct procurement from them. Praising the Prime Minister, Ambani said, “Due to your efforts, the Northeast is no longer on the margins — it has emerged on India’s development map.”
Highlighting the contributions of Reliance Foundation in healthcare, Ambani shared that a 150-bed cancer hospital has been established in Manipur. In collaboration with Mizoram University, the foundation is also working on breast cancer care using genomic data. In Guwahati, the foundation has set up an advanced molecular diagnostics and research laboratory, equipped with one of the largest genome sequencing capabilities in India.
Furthermore, Reliance Foundation will partner with all eight northeastern states to establish Olympic training centres aimed at producing future Olympic medalists.
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Source: https://www.thehindu.com/business/reliance-to-invest-75000-cr-in-north-eastern-states-mukesh-ambani/article69610157.ece
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