Reliance Industries to Invest ₹750 Billion in Northeast Over Next 5 Years

Image Source: Business Standard

Mukesh Ambani Unveils Major Expansion Plan at North-East Summit

Reliance Industries Ltd. (RIL) has announced a ₹750 billion investment in India’s Northeastern states over the next five years, doubling its previous commitment to the region. Speaking at the North-East Summit, Chairman Mukesh Ambani outlined the company’s strategic roadmap, emphasizing telecom expansion, retail growth, renewable energy projects, and healthcare initiatives.

Key Highlights:

Investment Doubling: RIL has already invested ₹30,000 crore in the Northeast over four decades and now plans to more than double its commitment.
Jio Network Expansion: The company aims to increase 5G coverage, bringing AI-powered solutions to schools, hospitals, and enterprises.
Retail & Manufacturing Growth: Reliance Retail will boost procurement of staples, fruits, and vegetables, while new factories will be set up for high-quality FMCG products.
Renewable Energy Push: RIL plans to enhance solar power generation and establish 350 compressed biogas (CBG) plants to convert wasteland into productive assets.
Healthcare Development: The Reliance Foundation will expand cancer care facilities, including a 150-bed hospital in Manipur and a genomic research lab in Guwahati.
Olympic Training Centers: RIL will establish sports training hubs across the Northeast to nurture future medal-winning athletes.

Mukesh Ambani’s six-point commitment underscores Reliance’s long-term vision for the Northeast, aiming to drive economic growth, technological advancement, and social development.

Source: Moneycontrol, Business Today, Hindi Moneycontrol