Reliance to double investments in West Bengal by finish of decade, says Mukesh Ambani

West Bengal Chief Minister Mamata Banerjee with Mukesh Ambani on the eighth version of Bengal World Enterprise Summit on February 5, 2025
| Photograph Credit score: Debasish Bhaduri

Reliance Industries chairman Mukesh Ambani on Wednesday (February 5, 2025) mentioned that the group will double its funding in West Bengal by the tip of the last decade.

“In 2016, after I first attended this summit, Reliance’s investments stood beneath ₹2,000 crore. As we speak, in lower than a decade, our investments in Bengal have elevated 20 instances, and now we have invested over ₹50,000 crore. Mamata didi (Banerjee), we will double this funding by the tip of this decade,” Mr. Ambani mentioned whereas talking on the Bengal World Enterprise Summit 2025 in Kolkata.

The Reliance Industries chairman additionally added that the investments have created over one lakh direct jobs and spurred important financial development in West Bengal.

Mr. Ambani additionally added that Reliance Industries has modified its Information Centre in Kolkata to a state-of-the-art AI-ready Information Centre, and that will probably be prepared within the subsequent 9 months. He additionally added that Jio was constructing Bengal’s first cable touchdown station in Digha.

“Jio’s community now covers 100% of Bengal’s inhabitants. I’m notably grateful to the individuals and our prospects in Kolkata metropolis, as a result of they proceed to take care of the file of the very best customers of knowledge in India on our Jio community,” he added.

Mr. Ambani added that the group’s new initiative Swadesh will assist develop Bengal’s fabulous artisan financial system in different cities of the nation and internationally and Reliance’s New Vitality Initiative, beginning operations by the tip of 2025 want to contribute to Bengal’s inexperienced financial system. “Our motto is: “Photo voltaic Bangla for Sonar Bangla “, he added.

ITC chairman Sanjiv Puri, highlighted that the corporate is headquartered in West Bengal and added, “Our confidence within the state in mirrored in our increasing footprint right here. Inspired by the financial resurgence that we’re witnessing right here”. Mr Puri added that ITC has continued to make important investments in West Bengal during the last decade with funding of over Rs 7500 crore throughout agriculture, meals processing, hospitality, paper and data expertise.

“Apart from the tasks introduced on the BGBS this yr, ITC’s different current investments embody a state-of-the-art meals manufacturing facility in Uluberia, expansions at its meals manufacturing facility in Panchla in addition to on the Décor Paper facility in Tribeni,” mentioned Mr. Puri, who’s the president of Confederation of Indian Industries.

Talking on the Bengal World Enterprise Summit , 2025 Harshavardhan Neotia, Chairman, Ambuja Neotia Group additionally introduced an bold funding plan of over ₹15,000 crores in West Bengal over the subsequent 5 years. The investments will span throughout healthcare, hospitality, tourism, residential and business actual property, and a first-of-its-kind golf-themed township, Mr. Neotia added.

“Bengal has all the time been our residence and our karmabhoomi. We’re dedicated to its development and growth, and these tasks will create new alternatives, improve infrastructure, and strengthen Bengal’s place as a enterprise and tourism hub,” he added.

The opposite key bulletins on the BGBS 2025 concerned two 800 Mg Wt energy vegetation by JSW group at Salboni in Paschim Medinipur with an funding of ₹16,000 crore together with a 2,000 acre industrial park. Sajjan Jindal, the chairman of JSW group additionally added that the Authorities of West Bengal has developed its insurance policies for attracting enterprise and the group can be eager to develop Durgapur airport because the second largest airport in West Bengal.

RP-Sanjiv Goenka Group Sanjiv Goenka whose firm has belongings price ₹40,000 crore within the state added that the group goes so as to add investments of ₹10,000 crore within the power, infrastructure and schooling sectors.

“We dwell in West Bengal that’s reworked by the imaginative and prescient and motion of our Chief Minister,” Mr. Goenka mentioned.

A number of captains of Indian business together with chairman of FICCI and managing director of Emami Restricted Harsha Vardhan Agarwal lauded Chief Minister Mamata Banerjee for her initiative to draw funding to West Bengal.

The 2 day BGBS began in Kolkata’s New City space on February 5 and can concentrate on a number of areas together with MSME, superior manufacturing, round financial system, pure sources, defence manufacturing, agriculture and allied sectors amongst others.