Reliance to invest Rs 75,000 cr in North-Eastern states: Mukesh Ambani

Oil-to-telecom conglomerate Reliance Industries Ltd will invest Rs 75,000 crore in North Eastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects, chairman Mukesh Ambani said on Friday.

- AGENCIES

Speaking at the Rising NorthEast Investors Summit here, Reliance Industries Ltd 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 Rs 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 Rs 75,000 crore,” he said.

This will create over 2.5 million direct and indirect employment opportunities as the conglomerate aspires to touch the lives of most of the 45 million population in the North-East. Ambani said he is making six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.