Mukesh Ambani Commits Massive Investment in Bengal at Summit

Mukesh Ambani Commits Massive Investment in Bengal at Summit

Reliance Industries Chairman, Mukesh Ambani, announced at the seventh Bengal Global Business Summit that the company has invested approximately Rs 45,000 crore in Bengal. Ambani further stated that Reliance plans to invest an additional Rs 20,000 crore in the state over the next three years. He emphasized the state’s robust economy, with a GDP growth rate of 11.5%, surpassing the national average. Ambani expressed his belief that Bengal has the potential to become a $1 trillion economy in the near future, comparing it to Asian tigers such as Korea, Singapore, and Taiwan.

Ambani credited Chief Minister Mamata Banerjee for the positive transformation, referring to her as the “Agni Kanya,” a term previously used by the late Atal Behari Vajpayee to describe her. He also mentioned that Reliance Foundation will oversee the restoration and repair of the revered Maa Kali Temple at Kalighat in Kolkata, a project close to his and Nita Ambani’s hearts.

Numerous other business leaders, including Sanjiv Puri of ITC, Rishad Premji of WIPRO, and Sourav Ganguly, former India Captain, attended the event and pledged new projects and investments in West Bengal. Ganguly was appointed as the Brand Ambassador for the state by Mamata Banerjee during the summit.

In addition, Chief Minister Banerjee unveiled several new policies aimed at attracting more investment, including the West Bengal Logistics Policy, West Bengal Internet Cable Landing Station Policy, West Bengal Export Promotion Policy, West Bengal Green Hydrogen Policy, and West Bengal New and Renewable Energy Manufacturing Promotion Policy. She assured potential investors of a business-friendly environment in the state, despite criticism from the BJP regarding the expenses and outcomes of the business summit.

Overall, the Bengal Global Business Summit showcased the growing confidence in Bengal’s economy, with Reliance and other top business leaders expressing their commitment to further investment and development in the state.