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Reliance to invest ₹ 2,500 crore in Assam, create 80,000 jobs: Mukesh Ambani
Assam has always been a low priority market for other telecom operators, but it is a ‘Category A’ market for Reliance, he added.
Reliance Industries chairman Mukesh Ambani on Saturday announced an investment of ₹2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.
“Today I am happy to announce five commitments for Assam over the next three years. Reliance will invest an additional ₹ 2,500 crore to augment its presence in this market,” he said at the inaugural function of the Global Investors Summit 2018.
The company will enhance its retail division’s outlet to 40 from existing two, while the number of petrol depots will be increased to 165 from the existing 27, he added.
“We are also going to open new offices in all 145 tehsil headquarters across Assam. Our approach has always been to create sustainable livelihood opportunities and have generated 20,000 jobs in Assam,” Ambani said.
Assam has always been a low priority market for other telecom operators, but it is a ‘Category A’ market for Reliance, he added.
In the tourism sector, the company’s CSR wing Reliance Foundation will partner with Assam government to set up a centre at an university to promote “wildlife protection and eco-tourism”, he added.
“In football, ISL is a huge success iin the state and so we have decided to establish a top class football academy in partnership with Government of Assam ,” Ambani said.
Reliance Industries has become the largest private sector investor in Assam by investing in ₹ 5,000 crore over the last few years, he said.
Complimenting Assam Chief Minister Sarbananda Sonowal for organising the ‘Advantage Assam – Global Investors Summit 2018’, Ambani said: “Assam’s development potential is limitless. In 50’s, the state was a developed one with its per capital income more than the national average.”
Ambani also praised Prime Minister Narendra Modi for his government “presenting one of the best budgets in recent times” by focusing on all segments of the society, including the farmers.
