Reliance Industries Limited (RIL), helmed by Mukesh Ambani, has announced a significant investment plan to funnel Rs 20,000 crore into West Bengal over the next three years. The investment aims to bolster digital infrastructure, retail expansion, and green energy initiatives within the state. The announcement came during the Bengal Global Business Summit held today.
The conglomerate's commitment includes the establishment of the fastest statewide 5G network by the end of this year, focusing on enhancing rural connectivity and transforming homes with advanced fiber technologies. Ambani stated that Jio intends to revolutionize digital connectivity across West Bengal.
In addition to the digital push, Reliance Retail is gearing up to increase its presence in the state by expanding its number of stores to 1,200 and growing its warehouse capacity substantially. This retail growth strategy is set to provide a substantial boost to local employment and economic activity.
RIL's environmental pledge is also notable, with plans to construct 100 Compressed Biogas (CBG) plants. These facilities are expected to leverage agricultural residue to cut down carbon emissions and promote farmer-led energy crop cultivation, marking a stride towards sustainable agriculture.
Furthermore, Ambani highlighted Reliance Foundation's initiative to restore Kolkata's historic Kalighat Temple, underscoring the company's dedication not only to economic development but also to cultural preservation.
This latest investment builds on Reliance's previous infusion of Rs 45,000 crore in West Bengal, reinforcing the company's role in accelerating the state's economic growth trajectory.
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