Reliance Industries firmed up 10,000 cr investments in West Bengal

Vastavam web: India’s largest private sector company Reliance Industries Thursday said it had firmed up Rs 10,000 crore investments in West Bengal which are under implementation. “Today, our investments stand at Rs 28,000 crore in West Bengal alone, and we have firmed up our plan for further investment of over Rs 10,000 crore,” CMD of Reliance Industries Mukesh Ambani told the Bengal Global Business Summit here. Most of the investments would be by its communication vertical Reliance Jio.

The Reliance group had forayed into the state in 2016 with investments of Rs 4500 crore. Its investments now stand at Rs 28,000 crore, which accounts for 1-10th of its total investments in India. Reliance Retail operates 500 stores and 46 petroleum retail outlets in West Bengal, Ambani said, adding that the group has three million square feet of warehousing space in the state. The company, he said, is in the process of setting up a state-of-the art data centre project in the proposed Silicon Valley hub in the city.