Reliance Leads Investment Push for N-E

OIL-TO-TELECOM CONGLOMERATE RELIANCE Industries will invest ₹75,000 crore in northeastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects, chairman Mukesh Ambani said on Friday.

- PRESS TRUST OF INDIA

Speaking at the Rising Northeast Investors Summit, Reliance Industries chairman and managing director said his group will invest in factories for high-quality FMCG products in the region and setting up a 150-bed cancer hospital in Manipur.

"Reliance has invested around ₹30,000 crore in the region in the past 40 years. In the next five years, we will more than double our investments, with our target at ₹75,000 crore," he said. This will create over 2.5 million direct and indirect employment opportunities.

Ambani said he is making six commitments to the chief ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.

The group's telecom unit Jio has already covered 90% of the population with over 5 million 5G subscribers. "We will double this number this year," he said.