Abhitesh
On Tuesday, Mukesh Ambani, Chairman and MD of Reliance Industries, announced that the company would be investing an extra ₹20,000 crore in West Bengal over the next three years.
On Tuesday, Mukesh Ambani, Chairman and MD of Reliance Industries, announced that the company would be investing an extra ₹20,000 crore in West Bengal over the next three years.
The state of Bengal has been one of Reliance’s main business spots. He said this at the Bengal Global Business Summit (BGBS): “We plan to invest an extra ₹20,000 crore in Bengal over the next three years to improve digital life solutions, grow Reliance Retail, and work on bio-energy.”
He said that Reliance Industries has put about ₹45,000 crore into the state in the past few years.
“Reliance will leave no stone unturned to accelerate Bengal’s growth,” he said.
Ambani said that the goal is to improve digital life solutions even more so that people in Bengal can have better living conditions and get better schooling, health care, and farming services.
“Besides Reliance Retail, the company is quickly spreading its wings across the state. He said, “In the next two years, our network of nearly 1,000 stores will grow to over 1,200.”
Ambani, who also went to Bengal’s biggest business event in 2019, said that Jio Mart had brought 5.50 lakh kirana merchants in the state under the umbrella of modern and organized retail, which gave them more output, income, and economies of scale.
This year, Reliance Industries will have “manifold” more stores than it does now, which are about 20 lakh square feet in size.
“In the area of bio-energy, we are planning to set up compressed bio-gas (CBG) plants in Bengal that will enable farmers to increase their incomes by doubling up as ‘anna daatas’ and ‘urja daatas’ ─ producers of food as well as energy,” he explained.
In the next three years, it wants to build 100 compressed CBG plants that will use 5.5 million metric tons of farm waste and organic matter.
Ambani said that the Reliance Foundation will also work to fix up and renovate Kolkata’s famous Kalighat Temple so that it can return to its “original glory.”
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The chairman and MD of Reliance Industries said, “We are in the process of fixing up the whole temple complex, including the heritage buildings that are hundreds of years old, and bringing them back to their original glory.”
