The oil-to-telecom company, Reliance, will invest ₹75,000 crore in India’s North Eastern states during the coming five years. Wednesday’s Rising NorthEast Investors Summit saw Mukesh Ambani, Chairman and Managing Director of RIL, announce hopes to invest in biogas, telecom, retail, healthcare, and clean energy sectors.
It is in the company’s plans to install 350 biogas plants throughout the region to encourage sustainable power use. Reliance Jio will also expand its 5G network, which is already accessible to about 90% of people, with 5 million users currently using it. He said Jio would increase the number of users by double within a year and planned to introduce Artificial Intelligence in schools, hospitals, companies, and homes.
Reliance Retail is looking to purchase more basic foods, fruits, and vegetables directly from local farmers to support their incomes and help improve the way goods are supplied. Additional factories for first-rate FMCG items are being built, which will further boost industry growth in the area.
Ambani announced that a new 150-bed cancer hospital will be built in Manipur to make quality healthcare more accessible in the region. He explained that Reliance prioritizes unity by saying, “After having talent, technology, competence and connectivity in the North-East, progress will be inevitable.”
In the last four decades, Reliance has put in around ₹30,000 crore into the region. With the new plan, the company aims to more than double its total investment and is targeting the creation of almost 2.5 million employment options, first for the workers and their families, and also for others related to their jobs. The commitments constructed by Ambani for the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura affirmed how the firm expects to be part of regional progress.
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