Reliance, the conglomerate headed by chairman and managing director Mukesh Ambani, has announced plans to invest a substantial amount of ₹20,000 crores across strategic sectors in West Bengal. This announcement was made at the Bengal Global Business Summit, where Mukesh Ambani lauded Bengal’s potential for economic growth and prosperity.
Notable indicators, including an 11.5% GDP growth rate, a surge in tax revenues, and a rise in IT exports, have served as a testament to Bengal’s ascent as an economic powerhouse. Ambani expressed confidence in Bengal’s potential to outpace the growth rates of established Asian economies.
The pledged investments from Reliance will focus on digital solutions, retail expansion, and pioneering bio-energy initiatives in the state. Additionally, plans for the deployment of high-speed internet (5G) and smart home solutions are poised to revolutionise rural Bengal, catalyse employment generation, and drive technological advancements. Reliance Industries has invested close to ₹45,000 crore in the state over the past few years.
During his address, Ambani also praised Bengal’s burgeoning status as a logistics hub in the East, lauding its conducive business environment and promising avenues for growth. He envisioned Bengal as a trillion-dollar economy and a pivotal gateway for India into Southeast and Far-East Asia.
The speech also highlighted Reliance Foundation’s philanthropic endeavours, including ambitious projects such as the restoration of the historic Kalighat Temple and support for Bengal’s artisans and weavers. Ambani extended an earnest invitation to potential investors, portraying Bengal as an optimal investment destination teeming with untapped potential and promising opportunities for economic prosperity and growth.
Overall, Ambani’s address painted a vivid and promising portrait of Bengal’s future, emphasizing the state’s rich cultural heritage and the abundance of talent within the state. He reiterated his commitment to fostering ample employment opportunities and ardently advocated for Bengal as a prime investment destination, extending a warm invitation to all stakeholders to take part in Bengal’s promising journey towards progress and development.
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