RIL has invested ₹28,000 crore in West Bengal, which is one-tenth of the company’s total investments across India.
Reliance Industries Ltd (RIL) will invest more than ₹10,000 crore in West Bengal to expand operations of its telecom arm, Reliance Jio Infocomm, said Mukesh Ambani, chairman, RIL.
RIL has invested ₹28,000 crore in West Bengal, which is one-tenth of the company’s total investments across India, and (telecom arm) Jio will invest a further ₹10,000 crore-plus to make the state a land of digital revolution, Ambani said at the fifth Bengal Global Business Summit in Kolkata on Thursday.
This would make Jio the “single largest” investor in the digital space in the state, Ambani said. In 2016, when he first attended the summit, RIL’s investment in the state was ₹4,500 crore, he said.
Going forward
West Bengal is poised to become the logistics hub of the east with the state’s plans to attract investments of ₹5,000 crore by 2020, creating direct and indirect jobs for 50,000 people, said the RIL chairman about the company’s retail plans.
RIL will also invest ₹1,000 crore in a state-of-the-art greenfield data center in Kolkata’s upcoming 100 acre IT hub, which will be the biggest in the state and “as good as the ones in Silicon Valley” said Ambani.
