Reliance Industries Chairman Mukesh Ambani announced major investment plans for India’s Northeast region on Friday (May 23). Speaking at the Rising Northeast Investors Summit, he discussed the company’s future plans for the area. He started by praising the success of Operation Sindoor.
“Let me begin by saluting our beloved Prime Minister, Shri Narendra Modi ji, for the resounding success of Operation Sindoor. It is a shining testament to his steely resolve — and to the unmatched bravery our armed forces,” Ambani said.
Talking about the group’s presence in the region, Ambani said that “over the past four decades, we have invested Rs 30,000 crore in the Northeast, and our commitment to the region is only growing stronger. Will invest Rs 75,000 crore over next 5 years in Northeast.”
He also highlighted expanding Jio’s network coverage in the Northeast, increasing Reliance Retail’s procurement, setting up new factories, significantly boosting solar power generation, and helping the region become a healthcare hub.
“We will greatly enhance generation of solar power in the region. We will convert the region’s vast Wasteland into Wealth-Land, by setting up 350 integrated CBG plants,” the RIL chairman added.
“Reliance Retail is set to enhance its procurement efforts from the Northeast region as part of its broader investment strategy. The company also aims to significantly boost solar power generation in the area, contributing to the region’s sustainable energy development,” Ambani added. On healthcare, the RIL chairman added that “In a step towards strengthening healthcare infrastructure, Reliance has already established a 150-bed cancer hospital in Manipur, underscoring its commitment to the region’s growth and well-being.”
Additionally, he also added that “we will establish Olympic training centres throughout the Northeast to nurture sporting talent.”
