Reliance Industries will double its investment in Northeast to Rs 75,000 crore in next 5 years: Mukesh Ambani

RIL Chairman Mukesh Ambani

Reliance Industries Chairman announced big investment plans for India's Northeast region on Friday. Speaking at the Rising Northeast Investors Summit on Friday, the RIL chairman talked about future roadmap for the company in the region. The RIL Chairman began his speech with lauding the success of Operation Sindoor. "Let me begin by saluting our beloved Prime Minister, Shri Narendra Modi ji, for the resounding success of Operation Sindoor. It is a shining testament to his steely resolve — and to the unmatched bravery our armed forces," Ambani said.

Talking about the group's presence in the region, Ambani said that "over the past four decades, we have invested Rs 30,000 crore in the Northeast, and our commitment to the region is only growing stronger. Will invest Rs 75,000 crore over next 5 years in Northeast."

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He also stressed on expansion of Jio's network coverage across the Northeast, scaling up Reliance Retail’s procurement and establishing new factories, significantly boosting solar power generation, and playing a pivotal role in transforming the region into a healthcare hub. "We will greatly enhance generation of solar power in the region. We will convert the region’s vast Wasteland into Wealth-Land, by setting up 350 integrated CBG plants," the RIL chairman added.

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“Reliance Retail is set to enhance its procurement efforts from the Northeast region as part of its broader investment strategy. The company also aims to significantly boost solar power generation in the area, contributing to the region’s sustainable energy development,” Ambani added. On healthcare, the RIL chairman added that “In a step towards strengthening healthcare infrastructure, Reliance has already established a 150-bed cancer hospital in Manipur, underscoring its commitment to the region’s growth and well-being.”

Additionally, he also added that "we will establish Olympic training centres throughout the Northeast to nurture sporting talent."

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