Reliance to double investments in West Bengal by end of decade, says Mukesh Ambani
The Hindu
Reliance Industries, ITC, and other major companies announce significant investments in West Bengal at BGBS 2025.
Reliance Industries chairman Mukesh Ambani on Wednesday (February 5, 2025) said that the group will double its investment in West Bengal by the end of the decade.
“In 2016, when I first attended this summit, Reliance’s investments stood below ₹2,000 crore. Today, in less than a decade, our investments in Bengal have increased 20 times, and we have invested over ₹50,000 crore. Mamata didi (Banerjee), we shall double this investment by the end of this decade,” Mr. Ambani said while speaking at the Bengal Global Business Summit 2025 in Kolkata.
The Reliance Industries chairman also added that the investments have created over one lakh direct jobs and spurred significant economic growth in West Bengal.
Mr. Ambani also added that Reliance Industries has modified its Data Centre in Kolkata to a state-of-the-art AI-ready Data Centre, and that it will be ready in the next nine months. He also added that Jio was building Bengal’s first cable landing station in Digha.
“Jio’s network now covers 100% of Bengal’s population. I am particularly thankful to the people and our customers in Kolkata city, because they continue to maintain the record of the highest users of data in India on our Jio network,” he added.
Mr. Ambani added that the group’s new initiative Swadesh will help expand Bengal’s fabulous artisan economy in other cities of the country and across the world and Reliance’s New Energy Initiative, starting operations by the end of 2025 would like to contribute to Bengal’s green economy. “Our motto is: “Solar Bangla for Sonar Bangla “, he added.
ITC chairman Sanjiv Puri, highlighted that the company is headquartered in West Bengal and added, “Our confidence in the state in reflected in our expanding footprint here. Encouraged by the economic resurgence that we are witnessing here”. Mr Puri added that ITC has continued to make significant investments in West Bengal over the last decade with investment of over Rs 7500 crore across agriculture, food processing, hospitality, paper and information technology.
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