Reliance, one of India’s most prominent conglomerates, has announced a monumental pledge of ₹20,000 crores in investments across strategic sectors in the state of West Bengal. This promise was delivered by Reliance chairman and managing director, Mukesh Ambani, at the Bengal Global Business Summit.
During his address, Ambani expressed unwavering confidence in Bengal’s potential for economic growth, citing the state’s impressive 11.5% GDP growth rate, substantial surge in tax revenues, and phenomenal rise in IT exports as evidence of its ascent as an economic powerhouse. Ambani specifically praised Chief Minister Mamata Banerjee, likening her to an “Agni Kanya” symbolizing resilience and strength.
The substantial investment from Reliance will be directed towards digital solutions, retail expansion, and pioneering bio-energy initiatives, with a focus on high-speed internet (5G) and smart home solutions to catalyze technological advancements and generate employment in rural Bengal. Over the last few years, Reliance Industries has already invested close to ₹45,000 crore in the state.
Ambani also highlighted Bengal’s growing status as a logistics hub in the East, attributing it to the state’s favorable business environment and promising growth opportunities. He envisions a prosperous future for Bengal as a trillion-dollar economy and a pivotal gateway for India into Southeast and Far-East Asia.
Furthermore, Ambani shed light on Reliance Foundation’s philanthropic endeavors in Bengal, including the restoration of the historic Kalighat Temple and support for the state’s artisans and weavers. He extended a warm invitation to potential investors, portraying Bengal as an optimal investment destination teeming with untapped potential and promising opportunities for economic prosperity and growth.
The Reliance chairman emphasized his commitment to fostering ample employment opportunities and ardently advocated for Bengal as a prime investment destination, extending a warm invitation to all stakeholders to take part in Bengal’s promising journey towards progress and development. With this substantial pledge of investment, Reliance is poised to play a significant role in contributing to Bengal’s economic growth and advancement.
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