New Delhi: Oil-to-telecom conglomerate Reliance Industries Ltd will invest Rs 75,000 crore in Northeastern states in setting up 350 biogas plants, expanding its telecom services, retail footprint, and clean energy projects, chairman Mukesh Ambani said on Friday.
Speaking at the Rising NorthEast Investors Summit here, Reliance Industries Ltd chairman and managing director Mukesh Ambani said his group will invest in factories for high-quality FMCG products in the region and set up a 150-bed cancer hospital in Manipur.
Reliance’s existing investment of Rs 30,000 crore in the Northeast spans four decades, with plans now in place to increase this figure to Rs 75,000 crore.
This will create over 2.5 million direct and indirect employment opportunities as the conglomerate aspires to touch the lives of most of the 45 million population in the North-East.
Ambani said he is making six commitments to the Chief Ministers of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
Jio’s services have reached 90% of the region’s population with 5 million 5G subscribers.”We will double this number this year,” he said.
Ambani said Jio’s priority will be to bring the revolutionary power of Artificial Intelligence to all schools, hospitals, enterprises and homes.
“When talent meets technology and competence meets connectivity, our North-East will surge ahead, he said.
Ambani said Reliance Retail will vastly increase its procurement of staples, fruits, and vegetables to boost the income of farmers.
We will also invest in factories for high-quality FMCG products in the region and promote the region’s fabulous artisan economy, he said.
The clean energy initiatives include expanding solar power capacity and developing 350 integrated compressed biogas facilities, transforming unused lands into productive resources.
Regarding healthcare services, Reliance Foundation’s priority is to deliver superior cancer treatment facilities to the area, beginning with a 150-bed specialised cancer treatment facility in Manipur, alongside research partnerships with Mizoram University focusing on breast cancer studies utilising genetic information.
“The organisation has also established an advanced molecular diagnostics and research facility in Guwahati, featuring one of India’s largest genome sequencing operations, with the objective of establishing the region as a prominent healthcare and research centre,” he added.
ALSO READ: Assam seeks SC panel’s intervention over hill cutting in Meghalaya amid flood woes
Stating that the Northeast is a treasure-house of world-class talent in multiple sports, he said Reliance Foundation will work with all eight states to set up Olympic Training Centres, which will prepare our youth to be tomorrow’s medal-winners in Olympics.
