RIL to invest Rs 75,000 cr in North-Eastern states, says Mukesh Ambani

Excelsior Correspondent

JAMMU, May 23: “Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) will invest Rs 75,000 crore in North Eastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint and clean energy projects,” said Mukesh Ambani, Chairman of RIL on Friday.
Speaking at the Rising North East Investors Summit here, Reliance Industries Ltd chairman and managing director said his group will invest in factories for high-quality FMCG products in the region and setting up a 150-bed cancer hospital in Manipur.
“Reliance has invested around Rs 30,000 crore in the region in the past 40 years. In the next five years, we will more than double our investments, with our target at Rs 75,000 crore,” he said.
This will create over 2.5 million direct and indirect employment opportunities as the conglomerate aspires to touch the lives of most of the 45 million population in the North-East.
Ambani said he is making six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
The group’s telecom unit Jio has already covered 90 per cent of the population with over 5 million 5G subscribers.
“We will double this number this year,” he said.
“Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises and homes.”
“To begin with, we have established a 150-bed comprehensive cancer hospital in Manipur. We are collaborating with Mizoram University on the care of breast cancer using genomic data. In Guwahati, we have built an Advanced Molecular Diagnostics and Research Lab. It will be among the largest Genome Sequencing Capacities in India. We will help transform the North-East into a healthcare hub and a research powerhouse,” he said.
To Prime Minister Narendra Modi, he said, “Under your guidance, we in industry will work with all the Chief Ministers to make the North-East an inspiring model to demonstrate to the rest of the world.”
“How we can make progress, how development can take care of Dharti Maa, how Laxmi Mata can reach every home and how Bharat Mata indeed embraces all her children with her boundless love,” he added.

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