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Mukesh Ambani announces Reliance’s plan to invest Rs 20,000 crore in the next three years at the Bengal Business Summit

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Limited (RIL), revealed plans to invest an additional Rs 20,000 crore in West Bengal over the next three years. Speaking at the 7th edition of the Bengal Global Business Summit, Ambani emphasized Reliance’s commitment to accelerating West Bengal’s growth. The proposed investment will focus on three key areas: digital life solutions, retail, and bio-energy.

Ambani highlighted Jio’s ambition to complete the world’s fastest 5G rollout in India by the end of 2023, covering most parts of Bengal. He emphasized the goal of bringing the transformative power of 5G to every corner of the state, particularly enriching and transforming rural Bengal.

The chairman expressed Reliance’s commitment to renovate and restore the iconic Kalighat Temple in Kolkata through the Reliance Foundation, aiming to restore its original glory.

Ambani envisions converting every home in West Bengal into a smart home with the rapid rollout of Jio Fibre and Air Fibre. He believes this transformation will unlock new employment and entrepreneurial opportunities for millions in the state, leveraging technologies such as Artificial Intelligence and Cloud Computing.

Reliance Retail, a part of the conglomerate, plans to expand its footprint in West Bengal, increasing the number of retail stores from nearly 1,000 to over 1,200 in the next two years. The company already operates warehouses covering approximately 20 lakh square feet in Bengal.

Additionally, Reliance aims to establish 100 compressed biogas (CBG) plants in the next three years, consuming agricultural residue and organic waste amounting to 5.5 million tonnes. The initiative includes assisting farmers in cultivating energy plantations on a large scale, mitigating carbon emissions and producing 2.5 million tonnes of organic manure annually.

Furthermore, Reliance plans to set up CBG plants in Bengal to enable farmers to double as both food and energy producers, enhancing their incomes.

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