Bengal Global Business Summit: Mukesh Ambani announces Rs 10,000 crore investment

Reliance Industries chairman Mukesh Ambani led with a Rs 10,000 crore investment announcement for expansion of his company’s 4G network.

The inaugural session of the 5th Bengal Global Business Summit (BGBS) Thursday saw industry heavyweights make several multi-crore investment announcements for the state while the government signed MoUs with Italy, Germany and the Republic of Korea.

Reliance Industries chairman Mukesh Ambani led with a Rs 10,000 crore investment announcement for expansion of his company’s 4G network.

Sajjan Jindal of JSW Steel declared, “We are doubling the capacity of our cement plant in West Bengal. You don’t have to think twice before investing in the state. We are also setting up a new museum in Bengal which will depict the history of Partition.”

Niranjan Hiranandani, MD of the Hiranandani Group, announced Rs 2000 crore worth of fresh investments. “H-Energy has completed the land acquisition and recently received permission to build a pipeline. The company aims to deliver gas to Haldia by 2022. This will bring Multi-crore investments pour in on first day of Bengal Global Business Summit down cost of manufacturing in the state and also provide gas to cities. We have already made Rs 3000 crore worth investments in the state. We will invest Rs 2,000 crore more in the next two years.”

YK Modi of Great Eastern Energy Corporation Ltd. (GEECL) said they would invest Rs 15,000 crore in Bengal over the next five years.

“We have invested upto Rs 2,000 crore till now…We will provide clean gas not only to the region of Asansol-Durgapur but also Kolkata and other cities. When we face any problem, with the intervention of the chief minister and Dr Amit Mitra (state finance minister), it does not take more than 24 hours to solve them,” he added.

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