Guwahati: Reliance Industries will invest Rs 50,000 crore across five different verticals in Assam over the next five years, its chairman Mukesh Ambani said on Tuesday. Speaking at the ‘Advantage Assam’ business summit, Ambani said the money will be invested to make Assam technology and AI ready.
“At the 2018 investment summit, I announced an investment of Rs 5,000 crore. Since then, the investments have crossed Rs 12,000 crore. This amount will quadruple and we will invest Rs 50,000 crore in the next five years,” he said.
The areas where this amount will be pumped in include green and nuclear energy, the supply chain of food and non-food products, and expanding the footprint of Reliance’s retail stores, he added.
Assam to have USD 143 bn economy by 2030: Himanta
Assam will have a USD 143 billion economy by 2030, Chief Minister Himanta Biswa Sarma claimed on Tuesday, urging investors to join the state’s growth trajectory.
Speaking at the inaugural function of the two-day ‘Advantage Assam 2.0 Investment and Infrastructure Summit’ here, Sarma emphasised that the state has emerged from being the “most disturbed” to the “most peaceful” now.
“The state’s GDP growth this year will be 15.2 per cent. The economy will reach USD 143 billion by 2030,” he claimed.
“I can assure you today that we will ensure the best working and congenial atmosphere for establishing industries in Assam. Please come and invest here,” Sarma said, in the presence of heads of missions and ambassadors of over 60 nations, foreign business delegations and industry leaders of the country.
The state has seen a resurgence since 2014, when the BJP-led government under Prime Minister Narendra Modi came to power at the Centre, he said.
“After Independence, Assam’s economy started to decline as trade links were disrupted. Our only mode of connectivity was through the ‘chicken’s neck’. For decades, Assam witnessed agitation and insurgency. After 2014, Assam was reborn under the leadership of PM Narendra Modi. Once the most disturbed state, Assam became one of the most peaceful states,” he added.
Sarma said the Modi government at the Centre has been encouraging all states to attract investments.
“The PM encourages competitive federalism and that is why he had attended seven business summits in different states since taking over as the prime minister for the third term so that all states join the growth trajectory together,” he said.
Reliance Industries chairman Mukesh Ambani said the money will be invested to make Assam technology and AI ready. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
