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Mukesh Ambani to increase investment in Assam to Rs 50k crore in next 5 years

Mukesh Ambani to increase investment in Assam to Rs 50k crore in next 5 years

New Delhi, Feb 25 (UNI) Billionaire industrialist and Reliance Group Chairman Mukesh Ambani on Tuesday announced quadrupling its investment to Rs 50,000 crore in the state of Assam in the next five years from Rs 12,000 crore now.
“In the coming years, Reliance will more than quadruple this investment in Assam to over Rs 50,000 crore over the next five years in five priority areas,” Ambani said at the Advantage Assam Summit.
Our first priority area is is to make Assam Tech-Ready and AI-Ready. For us, Assam’s digital transformation is a noble and patriotic mission, he said, adding that Jio has made Assam not only “2G-mukt but 5G-yukt”.
After building world-class connectivity infrastructure, we will now install high-performance computing infrastructure.
Reliance will establish an AI-ready Data Center in Assam, which will benefit students with AI assisted teachers, patients with AI assisted doctors, agriculture will benefit from AI assisted farmers and AI will help Assam’s youth to learn from home and earn from home.
Our next priority is to make Assam a hub of clean and green energy. This will include Nuclear Energy, in line with the Government’s new policy to invite private participation in the nuclear industry.
And Reliance will build two world-class hubs of Compressed Biogas (CBG) over wastelands in Assam, he said.
This will produce 8 lakh tonnes of clean biogas annually, enough to fuel 2 lakh passenger cars every day.
Our third priority is to help Assam become a major supplier of food and non-food consumer products to national and international markets.
”We will set up a Mega Food Park, which will add value to the abundant agricultural and horticultural produce of Assam. We have already set up a world-class bottling plant in Assam for our Campa Cola and Independence range of packaged drinking water,” he added.
Our next priority is to double the number of Reliance Retail stores in the state from existing 400 to 800 stores in the next five years. And the next that is fifth priority area is to boost high-end hotel and hospitality economy in Assam.
Reliance will build a luxurious, seven-star Oberoi hotel in the heart of Assam.
These five mega initiatives will also create tens of thousands of direct and in-direct employment opportunities for the youth in Assam.
UNI SKB CS1550

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