RIL to invest Rs 5K cr in West Bengal: Ambani
BY Team MP16 Jan 2018 11:55 PM IST
Team MP16 Jan 2018 11:55 PM IST
Kolkata: RIL Chairman Mukesh Ambani on Tuesday announced Rs 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal and said his company is exploring the possibility of setting up a manufacturing facility for mobile phones and set-top boxes.
Speaking at the Bengal Global Business Summit, India's richest man paid lavish compliments to Chief Minister Mamata Banerjee saying that under her leadership "West Bengal is becoming Best Bengal!"
Ambani said his company Reliance Industries Ltd (RIL) had committed an investment of Rs 4,500 crore in the state but has ended up investing Rs 15,000 crore.
"Didi, we could make this large investment only because you have created a friendly climate and an enabling policy infrastructure," he said, adding that RIL has emerged as one of the largest investors in Bengal.
Most of the investment has been made in creating fourth-generation high-speed mobile and internet network for Reliance Jio, the telecom arm of RIL.
"We are committing to invest another Rs 5,000 crore in Jio and the entire digital eco-system, retail and retro-retail in the next few years," he said.
Bengal Chief Minister Mamata Banerjee on Tuesday urged business captains to invest in the state.
"If you invest in Bengal, we will give everything," she assured prospective investors.
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